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

Principles of Accounting Volume 1
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Chapter12: Current Liabilities
Section: Chapter Questions
Problem 3MC: The following is selected financial data from Block Industries: How much does Block Industries have...
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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

During year t, Parrothead Enterprises raised £270 in new long-term debt. How much long-term debt must Parrothead Enterprises have paid off during the year? Long-term debt paid off

What is the cash flow from financing activities? Cash flow from financing activities

Consider the following abbreviated financial statements for Parrothead Enterprises:
PARROTHEAD ENTERPRISES
2017 and 2018 Partial Balance Sheets
Assets
Liabilities and Owners' Equity
2017
2018
2017
2018
Current assets $1,206 $ 1,307 Current liabilities $ 482 $ 541
5,988 Long-term debt
Net fixed assets 4,973
2,628
2,795
PARROTHEAD
ENTERPRISES
2018 Income
Statement
$15,301
7,135
Depreciation 1,363
Sales
Costs
Interest paid
388
Transcribed Image Text:Consider the following abbreviated financial statements for Parrothead Enterprises: PARROTHEAD ENTERPRISES 2017 and 2018 Partial Balance Sheets Assets Liabilities and Owners' Equity 2017 2018 2017 2018 Current assets $1,206 $ 1,307 Current liabilities $ 482 $ 541 5,988 Long-term debt Net fixed assets 4,973 2,628 2,795 PARROTHEAD ENTERPRISES 2018 Income Statement $15,301 7,135 Depreciation 1,363 Sales Costs Interest paid 388
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