bestschoolessays Essay Writing

Question Calculating Owners’ Equity, Net Working Capital, Fixed Assets, Long Term Debt, and Cash Flow to CreditorsConsider the following abbreviated financial statements for Parrothead Enterprises:PARROTHEAD ENTERPRISES2010 and 2011 Partial Balance SheetsAssets Liabilities and Owners’ Equity2010 2011 2010 2011Current assets $ 954 $ 1,024 Current liabilities $ 390 $ 419Net fixed assets 3,857 4,616 Long-term debt 2,041 2,217PARROTHEAD ENTERPRISES2011 Income StatementSales $ 12,720Costs 6,060Depreciation 1,080Interest paid 200a. What is owners’ equity for 2010 and 2011?Owners’ equity 2010 $Owners’ equity 2011 $b. What is the change in net working capital for 2011?Change in NWC $c-1In 2011, Parrothead Enterprises purchased $1,895 in new fixed assets. How much in fixed assets did Parrothead Enterprises sell?Fixed assets sold $c-2In 2011, Parrothead Enterprises purchased $1,895 in new fixed assets. What is the cash flow from assets for the year? (The tax rate is 35 percent.)Cash flow from assets $d-1During 2011, Parrothead Enterprises raised $410 in new long-term debt. How much long-term debt must Parrothead Enterprises have paid off during the year?Debt retired $d-2During 2011, Parrothead Enterprises raised $410 in new long-term debt. What is the cash flow to creditors?Cash flow to creditors $

GET AN ANSWER TO THIS ESSAY TODAY!

Save time and grade. Get a complete paper today.

Our leading custom writing service provides custom written papers in 80+ disciplines. Order essays, research papers, term papers, book reviews, assignments, dissertation, thesis or extensive dissertations & our expert ENL writers will easily prepare a paper according to your requirements.

Place this order today and get an amazing discount!!

Special offer! Get 20% discount on your first order. Promo code: SAVE20

Categories: Miscellaneous