This is a Financial math problem I have to figure out, maybe you can help??? I hope so
Here are the 2008 and 2009 (incomplete) balance sheets for Nobel Oil Corp.
Assets20082009
Current Assets$310$420
Net fixed Assets$1,2001,420
liabilities & Owner’s Equity2008 2009
Current Liabilities$210 $240
Long-Term debt830 920
a) What was owner's equity at the end of 2008 and 2009?
b)If Nobel paid dividends of $100 in 2009, and made no stock issues, what must have been net income during the year?
c) If Nobel purchased $300 in fixed assets during the year, what must have been the depreciation charge on the income statement?
d) What was the change in net working capital between 2008 nd 2009?
e) If Nobel issued $200 of nw long-term debt, how much debt must have been paid off during the year?
Current Assets$310$420
Here are the 2008 and 2009 (incomplete) balance sheets for Nobel Oil Corp.
Assets20082009
Current Assets$310$420
Net fixed Assets$1,2001,420
liabilities & Owner’s Equity2008 2009
Current Liabilities$210 $240
Long-Term debt830 920
a) What was owner's equity at the end of 2008 and 2009?
b)If Nobel paid dividends of $100 in 2009, and made no stock issues, what must have been net income during the year?
c) If Nobel purchased $300 in fixed assets during the year, what must have been the depreciation charge on the income statement?
d) What was the change in net working capital between 2008 nd 2009?
e) If Nobel issued $200 of nw long-term debt, how much debt must have been paid off during the year?
Current Assets$310$420