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Consider the following abbreviated financial statements for Weston Enterprises: (Do not round intermediate calculations.) WESTON ENTERPRISES...
Consider the following abbreviated financial statements for Weston Enterprises: (Do not round intermediate calculations.) WESTON ENTERPRISES 2014 and 2015 Partial Balance Sheets Assets Liabilities and Owners’ Equity 2014 2015 2014 2015 Current assets $ 926 $ 1,007 Current liabilities $ 370 $ 416 Net fixed assets 3,947 4,560 Long-term debt 2,009 2,147 WESTON ENTERPRISES 2015 Income Statement Sales $ 11,390 Costs 5,570 Depreciation 1,050 Interest paid 150 a. What is owners' equity for 2014 and 2015? Owners' equity 2014 $ Owners' equity 2015 $ b. What is the change in net working capital for 2015? Change in NWC $ c-1. In 2015, the company purchased $1,825 in new fixed assets. How much in fixed assets did the company sell? Fixed assets sold $ c-2. In 2015, what is the cash flow from assets for the year? (The tax rate is 35 percent.) Cash flow from assets $ d-1. During 2015, the company raised $370 in new long-term debt. How much long-term debt must the company have paid off during the year? Debt retired $ d-2. What is the cash flow to creditors? Cash flow to creditors $
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jeff jeffy answered 1 month agoRelated Solutions
Consider the following abbreviated financial statements for Weston Enterprises: (Do not round intermediate calculations.) WESTON...
Consider the following abbreviated financial statements for
Weston Enterprises: (Do not round intermediate
calculations.)
WESTON ENTERPRISES
2011 and 2012 Partial Balance Sheets
Assets
Liabilities and Owners’ Equity
2011
2012
2011
2012
Current assets
$
940
$
996
Current liabilities
$
380
$
401
Net fixed assets
3,987
4,588
Long-term debt
2,025
2,182
WESTON ENTERPRISES
2012 Income Statement
Sales
$
12,055
Costs
5,815
Depreciation
1,060
Interest paid
180
a.
What is owners' equity for 2011 and 2012?
...
Consider the following abbreviated financial statements for Weston Enterprises: WESTON ENTERPRISES 2018 and 2019 Partial Balance...
Consider the following abbreviated financial statements for
Weston Enterprises: WESTON ENTERPRISES 2018 and 2019 Partial
Balance Sheets Assets Liabilities and Owners’ Equity 2018 2019 2018
2019 Current assets $ 1,266 $ 1,387 Current liabilities $ 552 $ 601
Net fixed assets 5,043 6,098 Long-term debt 2,738 2,915 WESTON
ENTERPRISES 2019 Income Statement Sales $ 15,778 Costs 7,225
Depreciation 1,423 Interest paid 428 a. What is owners' equity for
2018 and 2019? (Do not round intermediate calculations.) b. What is
the...
Consider the following abbreviated financial statements for Weston Enterprises: WESTON ENTERPRISES 2018 and 2019 Partial Balance...
Consider the following abbreviated financial statements for
Weston Enterprises: WESTON ENTERPRISES 2018 and 2019 Partial
Balance Sheets Assets Liabilities and Owners’ Equity 2018 2019 2018
2019 Current assets $ 1,218 $ 1,323 Current liabilities $ 496 $ 553
Net fixed assets 4,987 6,010 Long-term debt 2,650 2,819 WESTON
ENTERPRISES 2019 Income Statement Sales $ 15,394 Costs 7,153
Depreciation 1,375 Interest paid 396 a. What is owners' equity for
2018 and 2019? (Do not round intermediate calculations.) b. What is
the...
Consider the following abbreviated financial statements for Weston Enterprises: WESTON ENTERPRISES 2018 and 2019 Partial Balance...
Consider the following abbreviated financial statements for
Weston Enterprises: WESTON ENTERPRISES 2018 and 2019 Partial
Balance Sheets Assets Liabilities and Owners’ Equity 2018 2019 2018
2019 Current assets $ 1,308 $ 1,443 Current liabilities $ 601 $ 643
Net fixed assets 5,092 6,175 Long-term debt 2,815 2,999 WESTON
ENTERPRISES 2019 Income Statement Sales $ 16,114 Costs 7,288
Depreciation 1,465 Interest paid 456
a. What is owners' equity for 2018 and 2019? (Do not round
intermediate calculations.)
b. What is the...
Calculating Cash Flows Consider the following abbreviated financial statements for Weston Enterprises: 2015 and 2014 Partial...
Calculating Cash Flows Consider the following
abbreviated financial statements for Weston Enterprises:
2015 and 2014 Partial Balance Sheets
Assets
2015
2014
Current assets
$1,176
$964
Net fixed assets
$5,104
$4,384
Liabilities and Owners' Equity
2015
2014
Current liabilities
$445
$401
Long-term debt
$2,713
$2,380
2015 Income Statement
Sales
$14,740
Costs
$5,932
Depreciation
$1,190
Interest paid
$328
a. What is owners' equity for 2014 and 2015?
b. What is the change in net working capital for 2015?
c. In 2015, Weston...
itter Corporation’s accountants prepared the following financial statements for year-end 2019: (Do not round intermediate calculations.)...
itter Corporation’s accountants prepared the following financial
statements for year-end 2019: (Do not round intermediate
calculations.)
RITTER CORPORATION
Income Statement
2019
Revenue
$
940
Expenses
660
Depreciation
109
Net income
$
171
Dividends
$
151
RITTER CORPORATION
Balance Sheets
December 31
2018
2019
Assets
Cash
$
74
$
103
Other current assets
184
208
Net fixed assets
389
409
Total assets
$
647
$
720
Liabilities and Equity
Accounts payable
$
134
$
163
Long-term debt
159
183...
Ritter Corporation’s accountants prepared the following financial statements for year-end 2019: (Do not round intermediate calculations.)...
Ritter Corporation’s accountants prepared the following
financial statements for year-end 2019: (Do not round
intermediate calculations.)
RITTER CORPORATION
Income Statement
2019
Revenue
$
920
Expenses
650
Depreciation
107
Net income
$
163
Dividends
$
143
RITTER CORPORATION
Balance Sheets
December 31
2018
2019
Assets
Cash
$
72
$
99
Other current assets
182
204
Net fixed assets
387
407
Total assets
$
641
$
710
Liabilities and Equity
Accounts payable
$
132
$
159
Long-term debt
157
179...
Ritter Corporation’s accountants prepared the following financial statements for year-end 2019: (Do not round intermediate calculations.)...
Ritter Corporation’s accountants prepared the following
financial statements for year-end 2019: (Do not round intermediate
calculations.) RITTER CORPORATION Income Statement 2019 Revenue $
760 Expenses 570 Depreciation 91 Net income $ 99 Dividends $ 79
RITTER CORPORATION Balance Sheets December 31 2018 2019 Assets
Cash $ 56 $ 67 Other current assets 166 172 Net fixed assets 371
391 Total assets $ 593 $ 630 Liabilities and Equity Accounts
payable $ 116 $ 127 Long-term debt 141 147 Stockholders’ equity...
Ritter Corporation’s accountants prepared the following financial statements for year-end 2019: (Do not round intermediate calculations.)...
Ritter Corporation’s accountants prepared the following
financial statements for year-end 2019: (Do not round intermediate
calculations.) RITTER CORPORATION Income Statement 2019 Revenue $
760 Expenses 570 Depreciation 91 Net income $ 99 Dividends $ 79
RITTER CORPORATION Balance Sheets December 31 2018 2019 Assets Cash
$ 56 $ 67 Other current assets 166 172 Net fixed assets 371 391
Total assets $ 593 $ 630 Liabilities and Equity Accounts payable $
116 $ 127 Long-term debt 141 147 Stockholders’ equity...
Consider the following abbreviated financial statements for Parrothead Enterprises: PARROTHEAD ENTERPRISES 2014 and 2015 Partial...
Consider the following abbreviated financial statements for
Parrothead Enterprises:
PARROTHEAD ENTERPRISES
2014 and 2015 Partial Balance Sheets
Assets
Liabilities and Owners’ Equity
2014
2015
2014
2015
Current assets
$
950
$
1,016
Current liabilities
$
385
$
416
Net fixed
assets
3,967
4,608
Long-term debt
2,035
2,207
PARROTHEAD ENTERPRISES
2015 Income Statement
Sales
$
12,530
Costs
5,990
Depreciation
1,080
Interest paid
200
a.
What is owners' equity for 2014
and 2015? (Do not round intermediate
calculations.)
...
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