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Consider the following abbreviated financial statements for Parrothead Enterprises:     PARROTHEAD ENTERPRISES 2017 and 2018 Partial...

Consider the following abbreviated financial statements for Parrothead Enterprises:

   

PARROTHEAD ENTERPRISES
2017 and 2018 Partial Balance Sheets
Assets Liabilities and Owners’ Equity
2017 2018 2017 2018
  Current assets $ 1,248 $ 1,363 Current liabilities $ 531 $ 583
  Net fixed assets 5,022 6,065 Long-term debt 2,705 2,879

  

PARROTHEAD ENTERPRISES
2018 Income Statement
  Sales $ 15,634
  Costs 7,198
  Depreciation 1,405
  Interest paid 416

  

a. What is owners' equity for 2017 and 2018? (Do not round intermediate calculations.)
b. What is the change in net working capital for 2018? (Do not round intermediate calculations.)
c-1. In 2018, Parrothead Enterprises purchased $2,580 in new fixed assets. How much in fixed assets did Parrothead Enterprises sell? (Do not round intermediate calculations.)
c-2. In 2018, Parrothead Enterprises purchased $2,580 in new fixed assets. What is the cash flow from assets for the year? The tax rate is 23 percent. (Do not round intermediate calculations.)

  

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jeff jeffy answered 1 month ago
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