Current Assets 2015: $2,718. 2016: $2,881
Net fixed assets 2015: $12,602. 2016: $13,175
Liabilities and Owners Equity
Current liabilities 2015: $1,174. 2016: $1,726
Long-Term debt 2015: $6,873 2016: $8,019
2016 Income Statement
Sales $40,664
Costs $20,393
Depreciation $3,434
Interest paid $938
a) What is owners equity for 2015 and 2016?
b) What is the change in net working capital for 2016?
c) In 2016, Cabo Wabo purchased $7,160 in new fixed assets. How much in fixed assets did the company sell? What is the cash flow from assets for the year? (The tax rate is 40 percent.)
d) During 2016, Cabo Wabo raised $2,155 in new long-term debt. How much longe-term debt must the company have paid off during the year? What is the cash flow to creditors?