Current assets
Net fixed assets
THE STATEMENT OF CASH FLOWS
• Exercise 17:
Considey, the following abbreviated financial statements for a
Income Statement
Assets
Liabilities and Owners' Equity
2021
2022
2021
2022
€ 653
€ 107
Current liabilities
€ 261
€ 293
€ 2.691
€ 3.240
Long-term debt
€ 1.422
€ 1.512
Sales
Costs
Depreciation
Interest paid
€ 8.280
€ 3.861
€ 738
€ 211
a. What is owners' equity for 2021 and 2022?
• b. What is the change in net working capital for 2022?
c. In 2022, the company purchased €1.350 in new fixed assets. How much in fixed assets did the company sell? What is the cash flow from assets for the year? (The tax rate is 35 percent.)
• d. During 2022, the company raised €270 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