PARROTHEAD ENTERPRISES 2017 and 2018 Partial Balance Sheets Assets Liabilities and Owners’ Equity 2017 2018 2017...

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PARROTHEAD ENTERPRISES 2017 and 2018 Partial Balance SheetsAssets Liabilities and Owners’ Equity 2017 2018 2017 2018 Currentassets $ 1,224 $ 1,331 Current liabilities $ 503 $ 559 Net fixedassets 4,994 6,021 Long-term debt 2,661 2,831 PARROTHEADENTERPRISES 2018 Income Statement Sales $ 15,442 Costs 7,162Depreciation 1,381 Interest paid 400 a. What is owners' equity for2017 and 2018? (Do not round intermediate calculations.) b. What isthe change in net working capital for 2018? (Do not roundintermediate calculations.) c-1. In 2018, Parrothead Enterprisespurchased $2,532 in new fixed assets. How much in fixed assets didParrothead Enterprises sell? (Do not round intermediatecalculations.) c-2. In 2018, Parrothead Enterprises purchased$2,532 in new fixed assets. What is the cash flow from assets forthe year? The tax rate is 23 percent. (Do not round intermediatecalculations.) d-1. During 2018, Parrothead Enterprises raised $519in new long-term debt. How much long-term debt must ParrotheadEnterprises have paid off during the year? (Do not roundintermediate calculations.) d-2. During 2018, ParrotheadEnterprises raised $519 in new long-term debt. What is the cashflow to creditors? (Do not round intermediate calculations.)

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a 2017 2018 Current asset 1224 1331 Net fixed asset 4994 6021 Total asset A 6218 7352 Liabilities Current liabilities 503 559 Longterm debt 2661 2831 Total liabilities B 3164 3390 Total equity AB 3054 3962 b See Answer

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PARROTHEAD ENTERPRISES 2017 and 2018 Partial Balance SheetsAssets Liabilities and Owners’ Equity 2017 2018 2017 2018 Currentassets $ 1,224 $ 1,331 Current liabilities $ 503 $ 559 Net fixedassets 4,994 6,021 Long-term debt 2,661 2,831 PARROTHEADENTERPRISES 2018 Income Statement Sales $ 15,442 Costs 7,162Depreciation 1,381 Interest paid 400 a. What is owners' equity for2017 and 2018? (Do not round intermediate calculations.) b. What isthe change in net working capital for 2018? (Do not roundintermediate calculations.) c-1. In 2018, Parrothead Enterprisespurchased $2,532 in new fixed assets. How much in fixed assets didParrothead Enterprises sell? (Do not round intermediatecalculations.) c-2. In 2018, Parrothead Enterprises purchased$2,532 in new fixed assets. What is the cash flow from assets forthe year? The tax rate is 23 percent. (Do not round intermediatecalculations.) d-1. During 2018, Parrothead Enterprises raised $519in new long-term debt. How much long-term debt must ParrotheadEnterprises have paid off during the year? (Do not roundintermediate calculations.) d-2. During 2018, ParrotheadEnterprises raised $519 in new long-term debt. What is the cashflow to creditors? (Do not round intermediate calculations.)