Consider the following abbreviated financial statements for Tokyo Enterprises: ...
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Accounting
Consider the following abbreviated financial statements for Tokyo Enterprises:
TOKYO ENTERPRISES 2012 and 2013 Partial Balance Sheets
Assets
Liabilities and Owners Equity
2012
2013
2012
2013
Current assets
$
936
$
1,015
Current liabilities
$
382
$
416
Net fixed assets
4,176
4,896
Long-term debt
2,160
2,477
TOKYO ENTERPRISES 2013 Income Statement
Sales
$
12,380
Costs
5,776
Depreciation
1,150
Interest paid
314
a.
What is owners equity for 2012 and 2013? (Do not round intermediate calculations.)
Owners' equity 2012
$
Owners' equity 2013
$
b.
What is the change in net working capital for 2013? (Do not round intermediate calculations.)
Change in NWC
$
c-1.
In 2013, Tokyo Enterprises purchased $2,160 in new fixed assets. How much in fixed assets did Tokyo Enterprises sell? (Do not round intermediate calculations.)
Fixed assets sold
$
c-2.
In 2013, what is the cash flow from assets for the year? (The tax rate is 40 percent.) (Do not round intermediate calculations.)
Cash flow from assets
$
d-1.
During 2013, Tokyo Enterprises raised $432 in new long-term debt. How much long-term debt must Tokyo Enterprises have paid off during the year? (Do not round intermediate calculations.)
Debt retired
$
d-2.
What is the cash flow to creditors? (Do not round intermediate calculations.Negative amount should be indicated by a minus sign.)
Cash flow to creditors
$
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