I'm stuck on this problem
Consider the following abbreviated financial Statement for Cabo Waba Inc
Caba Wabo, Inc
Partial Balance sheets as of December 31, 2013 and 2014
2013 2014 2013 2014
Assets Liabilities and Owners' Equity
Current assets 2,665 2,824 Current liabilities 1,151 1,691
Net fixed assets 12,355 12,917 Long-term debt 6,739 7,862
CABO WABO, INC
2014 Income Statement
Sales 39,870
Costs 19,994
Depreciation 3,367
Interest Paid 624
Requirement 1:
What is owners' equity for 2013 and 2014?
2013 is 7,140
2014 I 6,188
Requirement 2:
What is the change I net working capital for 2014? 381
Requirement 3:
In 2014, Cabo Wabo purchased 5,616 in new fixed asset. The tax rate is 40 percent.
a. How much in fixed assets did Cabo Wabo sell? 11,301 ???
b. What is the cash flow from assets for the year? ???
Requirement 4:
During 2014, Cabo Wabo raised 1,60 in new long-term debt.
a. What is the cash flow to creditors? ???
b. How much long-term debt must Cabo Wabo have paid off during the year? Debt retired is ???
Consider the following abbreviated financial Statement for Cabo Waba Inc
Caba Wabo, Inc
Partial Balance sheets as of December 31, 2013 and 2014
2013 2014 2013 2014
Assets Liabilities and Owners' Equity
Current assets 2,665 2,824 Current liabilities 1,151 1,691
Net fixed assets 12,355 12,917 Long-term debt 6,739 7,862
CABO WABO, INC
2014 Income Statement
Sales 39,870
Costs 19,994
Depreciation 3,367
Interest Paid 624
Requirement 1:
What is owners' equity for 2013 and 2014?
2013 is 7,140
2014 I 6,188
Requirement 2:
What is the change I net working capital for 2014? 381
Requirement 3:
In 2014, Cabo Wabo purchased 5,616 in new fixed asset. The tax rate is 40 percent.
a. How much in fixed assets did Cabo Wabo sell? 11,301 ???
b. What is the cash flow from assets for the year? ???
Requirement 4:
During 2014, Cabo Wabo raised 1,60 in new long-term debt.
a. What is the cash flow to creditors? ???
b. How much long-term debt must Cabo Wabo have paid off during the year? Debt retired is ???