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1.a) At the beginning of the year, long-term debt of a firm is $283 and total debt is $351. At the end of the year,
1.a) At the beginning of the year, long-term debt of a firm is $283 and total debt is $351. At the end of the year, long-term debt is $220 and total debt is $380. The interest paid is $64. What is the amount of the cash flow to creditors?
1.b) Xfburn Co. has net income of $308. The firm pays out 57 percent of the net income to its shareholders as dividends. During the year, the company sold $56 worth of common stock. What is the cash flow to stockholders?
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