Consider the following abbreviated financial statements for Tokyo Enterprises: ...
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Accounting
Consider the following abbreviated financial statements for Tokyo Enterprises: |
TOKYO ENTERPRISES 2012 and 2013 Partial Balance Sheets | ||||||||||||||
Assets | Liabilities and Owners Equity | |||||||||||||
2012 | 2013 | 2012 | 2013 | |||||||||||
Current assets | $ | 936 | $ | 1,015 | Current liabilities | $ | 382 | $ | 416 | |||||
Net fixed assets | 4,176 | 4,896 | Long-term debt | 2,160 | 2,477 | |||||||||
TOKYO ENTERPRISES 2013 Income Statement | ||
Sales | $ | 12,380 |
Costs | 5,776 | |
Depreciation | 1,150 | |
Interest paid | 314 | |
a. | What is owners equity for 2012 and 2013? (Do not round intermediate calculations.) |
Owners' equity 2012 | $ |
Owners' equity 2013 | $ |
b. | What is the change in net working capital for 2013? (Do not round intermediate calculations.) |
Change in NWC | $ |
c-1. | In 2013, Tokyo Enterprises purchased $2,160 in new fixed assets. How much in fixed assets did Tokyo Enterprises sell? (Do not round intermediate calculations.) |
Fixed assets sold | $ |
c-2. | In 2013, what is the cash flow from assets for the year? (The tax rate is 40 percent.) (Do not round intermediate calculations.) |
Cash flow from assets | $ |
d-1. | During 2013, Tokyo Enterprises raised $432 in new long-term debt. How much long-term debt must Tokyo Enterprises have paid off during the year? (Do not round intermediate calculations.) |
Debt retired | $ |
d-2. | What is the cash flow to creditors? (Do not round intermediate calculations.Negative amount should be indicated by a minus sign.) |
Cash flow to creditors | $ |
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