- Consider The Following Abbreviated Financial Statements For Weston Enterprises Do Not Round Intermediate Calculations 1 (46.88 KiB) Viewed 68 times
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 $ 948 $ 1,012 Current liabilities $ 385 $ 416 Net fixed assets 3,937 4,604 Long-term debt 2,032 2,202 WESTON ENTERPRISES 2015 Income
Statement Sales Costs 5,955 Depreciation 1,080 Interest paid 180 $ 12,435 a. What is owners' equity for 2014 and 2015? 2468 Owners' equity 2014 Owners' equity 2015 2998 b. What is the change in net working capital for 2015? Change in NWC C-1.In 2015, the
company purchased $1880 in new fixed assets. How much in fixed assets did the
company sell? Fixed assets sold 2.In 2015, what is the cash flow from assets for the year? (The tax rate is 35 percent) 53 Cash flow from assets 1747 d. During 2015, the
company raised $400 in new long-term debt. How much long-term 1. debt must the
company have paid off during the year? Debt retired $ 230 d- 2. What is the cash flow to creditors? Cash flow to Creditors $