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onsider the following abbreviated financial statements for Cabo Wabo, Incorporated: CABO WABO, INCORPORATED Partial Balance Sheets as of December 31, 2021 and 2022 Assets Current assets Net fixed assets 2021 $ 2,690 12,475 2022 Liabilities and Owners' Equity $ 2,852 13,044 Current liabilities Long-term debt 2021 $ 1,162 6,445 2022 $ 1,540 6,898 CABO WABO, INCORPORATED 2022 Income Statement Sales $ 40,257 Costs 20,189 Depreciation Interest paid 3,395 929 What is owners' equity for 2021 and 2022? ote: Do not round intermediate calculations and round your answers to the nearest whole number, e.g., 32. What is the change in net working capital for 2022? ote: A negative answer should be indicated by a minus sign. Do not round intermediate calculations and round your answer ne nearest whole number, e.g., 32. 1. In 2022, the company purchased $7,088 in new fixed assets. The tax rate is 22 percent. How much in fixed assets did the ompany sell? ote: Do not round intermediate calculations and round your answer to the nearest whole number, e.g., 32. -2. What is the cash flow from assets for the year? Note: Do not round intermediate calculations and round your answer to the nearest whole number, e.g., 32. -1. During 2022, the company raised $2,134 in new long-term debt. What is the cash flow to creditors? ote: Do not round intermediate calculations and round your answer to the nearest whole number, e.g., 32. -1. How much long-term debt must the company have paid off during the year? ote: Do not round intermediate calculations and round your answer to the nearest whole number, e.g., 32. a. 2021 Owners' equity 2022 Owners' equity b. Change in NWC C-1. Fixed assets sold C-2. Cash flow from assets -1. Cash flow to creditors d-2. Debt retired

onsider the following abbreviated financial statements for Cabo Wabo, Incorporated: CABO WABO, INCORPORATED Partial Balance Sheets as of December 31, 2021 and 2022 Assets Current assets Net fixed assets 2021 $ 2,690 12,475 2022 Liabilities and Owners' Equity $ 2,852 13,044 Current liabilities Long-term debt 2021 $ 1,162 6,445 2022 $ 1,540 6,898 CABO WABO, INCORPORATED 2022 Income Statement Sales $ 40,257 Costs 20,189 Depreciation Interest paid 3,395 929 What is owners' equity for 2021 and 2022? ote: Do not round intermediate calculations and round your answers to the nearest whole number, e.g., 32. What is the change in net working capital for 2022? ote: A negative answer should be indicated by a minus sign. Do not round intermediate calculations and round your answer ne nearest whole number, e.g., 32. 1. In 2022, the company purchased $7,088 in new fixed assets. The tax rate is 22 percent. How much in fixed assets did the ompany sell? ote: Do not round intermediate calculations and round your answer to the nearest whole number, e.g., 32. -2. What is the cash flow from assets for the year? Note: Do not round intermediate calculations and round your answer to the nearest whole number, e.g., 32. -1. During 2022, the company raised $2,134 in new long-term debt. What is the cash flow to creditors? ote: Do not round intermediate calculations and round your answer to the nearest whole number, e.g., 32. -1. How much long-term debt must the company have paid off during the year? ote: Do not round intermediate calculations and round your answer to the nearest whole number, e.g., 32. a. 2021 Owners' equity 2022 Owners' equity b. Change in NWC C-1. Fixed assets sold C-2. Cash flow from assets -1. Cash flow to creditors d-2. Debt retired

Essentials Of Investments
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
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onsider the following abbreviated financial statements for Cabo Wabo, Incorporated: CABO WABO, INCORPORATED Partial Balance Sheets as of December 31, 2021 and 2022 Assets Current assets Net fixed assets 2021 $ 2,690 12,475 2022 Liabilities and Owners' Equity $ 2,852 13,044 Current liabilities Long-term debt 2021 $ 1,162 6,445 2022 $ 1,540 6,898 CABO WABO, INCORPORATED 2022 Income Statement Sales $ 40,257 Costs 20,189 Depreciation Interest paid 3,395 929 What is owners' equity for 2021 and 2022? ote: Do not round intermediate calculations and round your answers to the nearest whole number, e.g., 32. What is the change in net working capital for 2022? ote: A negative answer should be indicated by a minus sign. Do not round intermediate calculations and round your answer ne nearest whole number, e.g., 32. 1. In 2022, the company purchased $7,088 in new fixed assets. The tax rate is 22 percent. How much in fixed assets did the ompany sell? ote: Do not round intermediate calculations and round your answer to the nearest whole number, e.g., 32. -2. What is the cash flow from assets for the year? Note: Do not round intermediate calculations and round your answer to the nearest whole number, e.g., 32. -1. During 2022, the company raised $2,134 in new long-term debt. What is the cash flow to creditors? ote: Do not round intermediate calculations and round your answer to the nearest whole number, e.g., 32. -1. How much long-term debt must the company have paid off during the year? ote: Do not round intermediate calculations and round your answer to the nearest whole number, e.g., 32. a. 2021 Owners' equity 2022 Owners' equity b. Change in NWC C-1. Fixed assets sold C-2. Cash flow from assets -1. Cash flow to creditors d-2. Debt retired
Transcribed Image Text:onsider the following abbreviated financial statements for Cabo Wabo, Incorporated: CABO WABO, INCORPORATED Partial Balance Sheets as of December 31, 2021 and 2022 Assets Current assets Net fixed assets 2021 $ 2,690 12,475 2022 Liabilities and Owners' Equity $ 2,852 13,044 Current liabilities Long-term debt 2021 $ 1,162 6,445 2022 $ 1,540 6,898 CABO WABO, INCORPORATED 2022 Income Statement Sales $ 40,257 Costs 20,189 Depreciation Interest paid 3,395 929 What is owners' equity for 2021 and 2022? ote: Do not round intermediate calculations and round your answers to the nearest whole number, e.g., 32. What is the change in net working capital for 2022? ote: A negative answer should be indicated by a minus sign. Do not round intermediate calculations and round your answer ne nearest whole number, e.g., 32. 1. In 2022, the company purchased $7,088 in new fixed assets. The tax rate is 22 percent. How much in fixed assets did the ompany sell? ote: Do not round intermediate calculations and round your answer to the nearest whole number, e.g., 32. -2. What is the cash flow from assets for the year? Note: Do not round intermediate calculations and round your answer to the nearest whole number, e.g., 32. -1. During 2022, the company raised $2,134 in new long-term debt. What is the cash flow to creditors? ote: Do not round intermediate calculations and round your answer to the nearest whole number, e.g., 32. -1. How much long-term debt must the company have paid off during the year? ote: Do not round intermediate calculations and round your answer to the nearest whole number, e.g., 32. a. 2021 Owners' equity 2022 Owners' equity b. Change in NWC C-1. Fixed assets sold C-2. Cash flow from assets -1. Cash flow to creditors d-2. Debt retired
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