Yosemite Enterprises 2016 and 2017 Partial Balance Sheets Assets 20162017 Liabilities and Owners Equity Current assets Net fixed assets Current Liab.s L/T Debt S600 $800 4,000 7,000 S1,000 S1,800 6,000 9,000 Yosemite Enterprises 2017 Income Statement Sales Costs Depreciation Interest Paid $40,000 30,000 2,000 400 What is owners' equity for 2016 and 2017? What is the change in net working capital for 2017? What is Operating Cash Flow for 2017? (The tax rate is 21%.) What is Yosemite's Net Capital Spending in 2017? (Check your understanding (optional, not for credit): In 2017, Yosemite purchases $6000 in new fixed assets How much in fixed assets did Yosemite sell?) What is Yosemite's cash flow from assets for 2017? What is cash flow to the creditors in 2017? (Check your understanding (optional, not for credit): During 2017, Yosemite raised S4000 in new long-term debt. How much long-term debt must Yoesmite have paid off during the year?) During 2017, Yosemite paid S5404 in dividends, repurchased equity of $1000 and made no new equity issues. What is cash flow to equity-holders for 2017? Construct a Statement of Financial Cash Flow for Yosemite for 2017, following Table 2.5 in the book. a. b. c. d. e. f. g. h
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