Trying to figure out the right numbers with an explanation if anyone can do it....
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Accounting
Trying to figure out the right numbers with an explanation if anyone can do it.
Consider the following abbreviated financial statements for Barrie Enterprises: BARRIE Enterprises 2017 and 2018 Partial Statement of Financial Position Liabilities and Assets Owner's Equity 2017 2018 2017 2018 Current assets $ 914 $ 990 Current liabilities $ 365 $ 410 Net fixed assets 3,767 4,536 Long-term debt 1,991 2,117 BARRIE Enterprises 2018 Statement of Comprehensive Income Sales $ 11,592 Costs 5, 405 Depreciation 1,033 Interest paid 294 a. What is owner's equity for 2017 and 2018? (Negative answer should be indicated by a minus sign. Omit $ sign in your response.) Owner's equity 2017 $ 2,325 S Owner's equity 2018 2,999 b. What is the change in net working capital for 2018? (Negative answer should be indicated by a minus sign. Omit $ sign in your response.) Change in NWC $ 31 c1. In 2018, Barrie Enterprises purchased $1,890 in new fixed assets. How much in fixed assets did Barrie Enterprises sell? (Negative answer should be indicated by a minus sign. Omit $ sign in your response.) Fixed assets sold $ 88 c2. In 2018, Barrie Enterprises purchased $1,890 in new fixed assets. What is the cash flow from assets for the year? (The tax rate is 35%.) (Negative answer should be indicated by a minus sign. Omit $ sign in your response.) Cash flow from assets $ 1,440 x d1. During 2018, Barrie Enterprises raised $378 in new long-term debt. How much long-term debt must Barrie Enterprises have paid off during the year? (Negative answer should be indicated by a minus sign. Omit $ sign in your response.) Debt retired $ 252 d2. During 2018, Barrie Enterprises raised $378 in new long-term debt. What is the cash flow to creditors? (Negative answer should be indicated by a minus sign. Omit $ sign in your response.) Cash flow to creditors $ 229 x
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