Consider the following abbreviated financial statements for Barrie Enterprises: BARRIE...
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Accounting
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
$
938
$
1,014
Current liabilities
$
377
$
413
Net fixed assets
4,007
4,776
Long-term debt
2,111
2,249
BARRIE Enterprises 2018 Statement of Comprehensive Income
Sales
$
12,800
Costs
5,509
Depreciation
1,153
Interest paid
318
a. What is owner's equity for 2017 and 2018? (Omit $ sign in your response.)
Owner's equity 2017
$
Owner's equity 2018
$
b. What is the change in net working capital for 2018? (Omit $ sign in your response.)
Change in NWC $
c1. In 2018, Barrie Enterprises purchased $2,022 in new fixed assets. How much in fixed assets did Barrie Enterprises sell? (Omit $ sign in your response.)
Fixed assets sold $
c2. In 2018, Barrie Enterprises purchased $2,022 in new fixed assets. What is the cash flow from assets for the year? (The tax rate is 35%.) (Omit $ sign in your response.)
Cash flow from assets $
d1. During 2018, Barrie Enterprises raised $402 in new long-term debt. How much long-term debt must Barrie Enterprises have paid off during the year? (Omit $ sign in your response.)
Debt retired $
d2. During 2018, Barrie Enterprises raised $402 in new long-term debt. What is the cash flow to creditors? (Omit $ sign in your response.)
Cash flow to creditors $
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