Consider the following abbreviated financial statements for Cabo Wabo, Inc.: CABO WABO, INC. Partial Balance Sheets as of...

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Finance

Consider the following abbreviated financial statements for CaboWabo, Inc.:

CABO WABO, INC.
Partial Balance Sheets as of December 31, 2015 and 2016
2015 2016 2015 2016
Assets Liabilities and Owners’ Equity
Current assets $ 2,753 $ 2,890 Current liabilities $ 1,107 $ 1,658
Net fixed assets 12,509 13,060 Long-term debt 6,596 7,818
CABO WABO, INC.
2016 Income Statement
Sales $ 40,090
Costs 20,082
Depreciation 3,444
Interest paid 657
In 2016, the company purchased $5,891 in new fixed assets. Thetax rate is 30 percent.
1. How much in fixed assets did the companysell? (Do not round intermediate calculations and roundyour answer to the nearest whole number, e.g., 32.)
Fixed assets sold $1896
2. What is the cash flow from assets for theyear? (Do not round intermediate calculations and roundyour answer to the nearest whole number, e.g., 32.)

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Consider the following abbreviated financial statements for CaboWabo, Inc.: CABO WABO, INC.Partial Balance Sheets as of December 31, 2015 and 20162015201620152016AssetsLiabilities and Owners’ EquityCurrent assets$2,753$2,890Current liabilities$1,107$1,658Net fixed assets12,50913,060Long-term debt6,5967,818CABO WABO, INC.2016 Income StatementSales$40,090Costs20,082Depreciation3,444Interest paid657In 2016, the company purchased $5,891 in new fixed assets. Thetax rate is 30 percent.1. How much in fixed assets did the companysell? (Do not round intermediate calculations and roundyour answer to the nearest whole number, e.g., 32.)Fixed assets sold $18962. What is the cash flow from assets for theyear? (Do not round intermediate calculations and roundyour answer to the nearest whole number, e.g., 32.)

CABO WABO, INC. Partial Balance Sheets as of December 31, 2015 and 2016
		2015		2016			2015		2016
Assets					Liabilities and Owners’ Equity
Current assets	$	2,753	$	2,890	Current liabilities	$	1,107	$	1,658
Net fixed assets		12,509		13,060	Long-term debt		6,596		7,818

CABO WABO, INC. 2016 Income Statement
Sales	$	40,090
Costs		20,082
Depreciation		3,444
Interest paid		657