User Account

All Pages

What is the change in net working capital for 2011

Assignment Help Other Subject
Reference no: EM13899426

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 $ 954 $ 1,024 Current liabilities $ 390 $ 419
Net fixed assets 3,857 4,616 Long-term debt 2,041 2,217

PARROTHEAD ENTERPRISES
2011 Income Statement
Sales $ 12,720
Costs 6,060
Depreciation 1,080
Interest paid 200

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

Owners' equity 2010 $
Owners' equity 2011 $

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

Change in NWC $

c.

1. In 2011, Parrothead Enterprises purchased $1,895 in new fixed assets. How much in fixed assets did Parrothead Enterprises sell?

Fixed assets sold $

2. In 2011, Parrothead Enterprises purchased $1,895 in new fixed assets. What is the cash flow from assets for the year? (The tax rate is 35 percent.)

Cash flow from assets $

d.

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

Debt retired $

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

Cash flow to creditors $

Reference no: EM13899426

Questions Cloud

How a company influences their ethical environment : How a company influences their ethical environment
What were the considered needs and wants of humans : What were the considered needs and wants of humans? In each case, what were the financial mechanisms that were involved in these issues?
The ratio of volumes : In the reaction 2C8H18 + 25O2 --> 16CO2 + 18 H2O, the ratio of volumes of O2 to CO2 is ?
What are the characteristics of the market itself : What are the characteristics of the market itself? What types of decisions are rendered among the participants of this market?
What is the change in net working capital for 2011 : During 2011, Parrothead Enterprises raised $410 in new long-term debt. How much long-term debt must Parrothead Enterprises have paid off during the year?
Prepare the journal entry to record issuance : Sudoku Company issues 7,000 shares of $ 7 par value common stock in exchange for land and a building
How did this affect your subsequent behavior : How did this affect your subsequent behavior and performance? What lessons have you learned from that experience that will aid you in becoming a better coaching leader
What is the importance of phonemic awareness? : What is the importance of Phonemic awareness?
Sharper corporation common stock is priced : On June 30, 2013, Sharper Corporation's common stock is priced at $ 62 per share before any stock dividend or split, and the stockholders'  equity section of its balance sheet appears as follows.

Reviews

Write a Review

Other Subject Questions & Answers

  What was the behavioral or health problem of concern

What was the behavioral or health problem of concern. What were the interventions that were being contrasted in the study

  The human population has lived a rural lifestyle through

the human population has lived a rural lifestyle through most of history. the worlds population however is quickly

  Steven kerr article

Read Steven Kerr's article, On the Folly of Rewarding A, While Hoping for B, and answer the questions below (for this assignment, number your answers accordingly).

  Crime control model

Prepare a report in Microsoft Word that explains which model has produced the best results in terms of reducing crime. Select two changes that were instigated by the government, and two changes that were caused by general society and show how each of..

  How is the word myth used popularly

How is the word myth used popularly? For example, what does the statement, "It's a myth" mean? In contrast, how is the word myth used in the academic context? After considering the definition in your textbooks and course materials, write a definiti..

  You have been engaged as a project manager

You have been engaged as a project manager to scope a project which will analyze the freight currently handled by WPFK Transport. The broad project brief is to find what volume of freight (number of pallets) goes between each depot.

  Phases of training and development

Which of the four phases of training and development do you believe is the most important? Conduct some independent research and share a real-world example of the phase that you selected.

  Write a rhetorical analysis of either master of my fate

write a rhetorical analysis of either master of my fate making moral choices in a determined universe or can we be good

  How did you become interested in working or volunteering

Please tell me your job/volunteer title and the responsibilities associated with your title. Be as specific as you are able. How did you become interested in working or volunteering in this capacity

  Summarize the book of paul

Summarize the book of Paul first by identifying and explaining its epistle genre. Identify the key theme, major events, and major personalities.

  Importance of multicultural school counseling

Describes the importance of multicultural school "counseling" related to the following areas: counseling style,  theoretical orientation and techniques

  Regarding the jury trials

Provide a detailed synopsis of the following term: The Constitutional Right to Trial by Jury

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd