juice asked in 科學數學 · 5 years ago

財務管理題目需幫忙解答!

Consider the following abbreviated financial statements for Parrothead Enterprises:

a. What is owners’ equity for 2010 and 2011?

b. What is the change in net working capital for 2011?

c. In 2011, Parrothead Enterprises purchased $1,890 in new fixed assets. How much in fixed assets did Parrothead Enterprises sell? What is the cash flow from assets for the year? (The tax rate is 35 percent.)

http://www.chegg.com/homework-help/calculating-cas...

1 Answer

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  • 5 years ago
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    a. use balance sheet:Assets=Liabilities+Equites

    2010:914+3,767=365+1,991+Equity-->Equity=2,325

    2011:990+4,536=410+2,117+Equity-->Equity=2,999

    b. Net Working Capital=Current Assets-Current Liabilities

    2010:Net Working Capital=914-365=549

    2011:Net Working Capital=990-410=580

    change in Net Working Capital=580-549=31

    c. balance sheet:net fixed assets increase 4,536-3,767=769

    However, Parrothead Enterprises purchased 1,890 new fixed assets. So we can infer that some fixed assets had been sold, the amount is 1,890-769=1,121

    Cash flow from assets for 2011=EBIT*(1-T)+Depreciation-investment

    =(11,592-5,405-1,033)*(1-35%)+1,033-((4,536-3,767+1,033)+(31))=2,550.1

    Source(s): me
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