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1. 2. What is the cash flow to the creditors for 2015? Lowell, Inc. 2015 Income Statement Net sales 17,340 Cost of goods sold 7,120
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What is the cash flow to the creditors for 2015? Lowell, Inc. 2015 Income Statement Net sales 17,340 Cost of goods sold 7,120 Selling, general, and administratve 2,200 expenses Depreciation 1600 Earnings before interest and taxes 6,420 Interest 320 Pretax income 6,100 Taxes Net income 5,585 Lowell, Inc. 2014 and 2015 Balance Sheets Year 2014 Cash 350 Accounts receivable 3,140 Inventory Total 8,700 Net fixed assets 32.600 Total assets 41,300 -$1,786 -$2,150 $1,820 $1,950 $2,036 Year 2015 370 3,450 9,160 34,700 43,860 Year 2014 Accounts payable 6.225 Accrued expenses 1.880 8,105 Long-term debt 17,951 Owners' equity 15.244 Total liabilities and equity 41,300 Year 2015 6,184 1,625 7,809 20,091 15.960 43,860Step by Step Solution
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