Consider the following abbreviated for Cabo Wabo, Inc.:
a. What is owners’ equity for 2018 and 2019?
b. What is the change in net working capital for 2019?
c. In 2019, the company purchased $7,876 in new fixed assets. How much in fixed assets did the company sell? What is the for the year? (The tax rate is 22 percent.)
d. During 2019, the company raised $2,371 in new long-term debt. How much long-term debt must the company have paid off during the year? What is the cash flow to creditors?
