The 2011 statement of financial position of Rogers Tennis Shop Inc. showed long-term debt of $2.6 million,

Question:

The 2011 statement of financial position of Roger’s Tennis Shop Inc. showed long-term debt of $2.6 million, and the 2012 statement of financial position showed long term debt of $2.9 million. The 2012 Statement of Comprehensive Income showed an interest expense of $170,000. What was the firm’s cash flow to creditors during 2012?

Cash Flow To Creditors
Cash flow to debt holder’s equation to compute the cash flow of a company. Cash flow is the measure of total amount of liquid cash that is moving in and out of the business. Cash flow to creditors formula is derived as I - E + B where I =...

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