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Consider the following abbreviated financial statements for Parrothead Enterprises:     PARROTHEAD ENTERPRISES 2017 and 2018 Partial...

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 $ 1,326 $ 1,467 Current liabilities $ 622 $ 661
  Net fixed assets 5,113 6,208 Long-term debt 2,848 3,035

  

PARROTHEAD ENTERPRISES
2018 Income Statement
  Sales $ 16,258
  Costs 7,315
  Depreciation 1,483
  Interest paid 468

  

c-2. In 2018, Parrothead Enterprises purchased $2,736 in new fixed assets. What is the cash flow from assets for the year? The tax rate is 24 percent. (Do not round intermediate calculations.)
d-2. During 2018, Parrothead Enterprises raised $604 in new long-term debt. What is the cash flow to creditors? (Do not round intermediate calculations.)

  

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