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How much in fixed assets did parrot head enterprises sell

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Question - Consider the following abbreviated financial statements for Parrothead Enterprises: PARROTHEAD ENTERPRISES 2010 and 2011 Partial Balance Sheets Assets Liabilities and Owners' Equity 2010 2011 2010 2011 Current assets $ 940 $ 996 Current liabilities $ 380 $ 401 Net fixed assets 3,987 4,588 Long-term debt 2,025 2,182 PARROTHEAD ENTERPRISES 2011 Income Statement Sales $ 12,055 Costs 5,815 Depreciation 1,060 Interest paid 180

Required -

a. What is owners' equity for 2010 and 2011?

b. What is the change in net working capital for 2011?

c-1 In 2011, Parrot head Enterprises purchased $1,860 in new fixed assets. How much in fixed assets did Parrot head Enterprises sell?

c-2 In 2011, Parrot head Enterprises purchased $1,860 in new fixed assets. What is the cash flow from assets for the year? (The tax rate is 35 percent.)

d-1 During 2011, Parrot head Enterprises raised $410 in new long-term debt. How much long-term debt must Parrot head Enterprises have paid off during the year?

d-2 During 2011, Parrot head Enterprises raised $410 in new long-term debt. What is the cash flow to creditors?

Reference no: EM132559663

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