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  1. business
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  3. consider the following abbreviated financial state

Consider the following abbreviated financial statements for Parrothead Enterprises: PARROTHEAD ENTERPRISES 2017 and 2018 Partial...

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Accounting

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Consider the following abbreviated financial statements for Parrothead Enterprises: PARROTHEAD ENTERPRISES 2017 and 2018 Partial Balance Sheets Assets Liabilities and Owners' Equity 2017 2018 2017 2018 Current assets $ 1,135 $1,800 Current liabilities $ 498 $ 601 Net fixed assets 5,000 6,084 Long-term debt 2,800 2,920 PARROTHEAD ENTERPRISES 2018 Income Statement Sales $16,018 Costs 7,270 Depreciation 1,453 Interest paid 448 What is net working capital (NWC) for 2017 and 2018? (Do not round intermediate calculations.) If the tax rate is 21 percent, what is the operating cash flow or OCF? (Do not round intermediate calculations.) What is the net capital spending (NCS) in 2018? (Do not round intermediate calculations.) What is the cash flow to creditors? (Do not round intermediate calculations.)

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