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Consider the following abbreviated financial statements for Parrothead Enterprises: Parrothead Enterprises t-1 and t Partial Balance Sheets Assets Liabilities and Owners' Equity Year Year t-1 Year Year t-1 t Current assets 653 707 Current liabilities 261 293 Non-current assets 2,691 3,240 Non-current liabilities 1,422 1,512 Parrothead Enterprises Year t Income Statement Sales 8,280 3,861 738 211 Costs Depreciation Interest paid

Consider the following abbreviated financial statements for Parrothead Enterprises: Parrothead Enterprises t-1 and t Partial Balance Sheets Assets Liabilities and Owners' Equity Year Year t-1 Year Year t-1 t Current assets 653 707 Current liabilities 261 293 Non-current assets 2,691 3,240 Non-current liabilities 1,422 1,512 Parrothead Enterprises Year t Income Statement Sales 8,280 3,861 738 211 Costs Depreciation Interest paid

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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b. What is the change in net working capital for year t?

Change in net working capital

 c. In year t, Parrothead Enterprises had capital expenditure of £1,350. How much in non-current assets did Parrothead Enterprises sell?

Non-current assets sold

d. What is the cash flow from investing activities for the year? (The tax rate is 28 per cent.)

Cash flow from investing activities

Consider the following abbreviated financial statements for Parrothead Enterprises: Parrothead Enterprises t-1 and t Partial Balance Sheets Assets Liabilities and Owners' Equity Year Year Year Year t-1 t-1 Current assets 653 707 Current liabilities 261 293 Non-current assets 2,691 3,240 Non-current liabilities 1,422 1,512 Parrothead Enterprises Year t Income Statement 8,280 3,861 738 Sales Costs Depreciation Interest paid 211
Transcribed Image Text:Consider the following abbreviated financial statements for Parrothead Enterprises: Parrothead Enterprises t-1 and t Partial Balance Sheets Assets Liabilities and Owners' Equity Year Year Year Year t-1 t-1 Current assets 653 707 Current liabilities 261 293 Non-current assets 2,691 3,240 Non-current liabilities 1,422 1,512 Parrothead Enterprises Year t Income Statement 8,280 3,861 738 Sales Costs Depreciation Interest paid 211
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