Consider the following abbreviated financial statements for Barrie Enterprises: ...
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Finance
Consider the following abbreviated financial statements for Barrie Enterprises: |
BARRIE Enterprises 2014 and 2015 Partial Statement of Financial Position | ||||||||||||||
Assets | Liabilities and Owners Equity | |||||||||||||
2014 | 2015 | 2014 | 2015 | |||||||||||
Current assets | $ | 914 | $ | 990 | Current liabilities | $ | 365 | $ | 410 | |||||
Net fixed assets | 3,767 | 4,536 | Long-term debt | 1,991 | 2,117 | |||||||||
BARRIE Enterprises 2015 Statement of Comprehensive Income | ||
Sales | $ | 11,592 |
Costs | 5,405 | |
Depreciation | 1,033 | |
Interest paid | 294 | |
c1. | In 2015, Barrie Enterprises purchased $1,890 in new fixed assets. How much in fixed assets did Barrie Enterprises sell? |
c2. | In 2015, Barrie Enterprises purchased $1,890 in new fixed assets. What is the cash flow from assets for the year? (The tax rate is 35 percent.) |
d1. | During 2015, Barrie Enterprises raised $378 in new long-term debt. How much long-term debt must Barrie Enterprises have paid off during the year? |
d2. | During 2015, Barrie Enterprises raised $378 in new long-term debt. What is the cash flow to creditors? |
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