Question

Consider the following abbreviated financial statements for Barrie Enterprises:

BARRIE Enterprises 2017 and 2018 Partial Statement of Financial Position
Assets						Liabilities and Owner's Equity
		2017		2018			2017		2018
Current assets	$	914	$	990	Current liabilities	$	365	$	410
Net fixed assets		3,767		4,536	Long-term debt		1,991		2,117

BARRIE Enterprises 2018 Statement of Comprehensive Income
Sales	$	11,592
Costs		5,405
Depreciation		1,033
Interest paid		294

a. What is owner's equity for 2017 and 2018? (Negative answer should be indicated by a minus sign. Omit $ sign in your response.)

Owner's equity 2017	$
Owner's equity 2018	$

b. What is the change in net working capital for 2018? (Negative answer should be indicated by a minus sign. Omit $ sign in your response.)

Change in NWC           $

c1. In 2018, Barrie Enterprises purchased $1,890 in new fixed assets. How much in fixed assets did Barrie Enterprises sell? (Negative answer should be indicated by a minus sign. Omit $ sign in your response.)

Fixed assets sold           $

c2. In 2018, Barrie Enterprises purchased $1,890 in new fixed assets. What is the cash flow from assets for the year? (The tax rate is 35%.) (Negative answer should be indicated by a minus sign. Omit $ sign in your response.)

Cash flow from assets           $

d1. During 2018, Barrie Enterprises raised $378 in new long-term debt. How much long-term debt must Barrie Enterprises have paid off during the year? (Negative answer should be indicated by a minus sign. Omit $ sign in your response.)

Debt retired           $

d2. During 2018, Barrie Enterprises raised $378 in new long-term debt. What is the cash flow to creditors? (Negative answer should be indicated by a minus sign. Omit $ sign in your response.)

Cash flow to creditors           $

Answer 1