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1.During the most current year, XYZ corp paid $55,140 in interest and $85,910 in dividends. In order to fund a large expansion, the company also
1.During the most current year, XYZ corp paid $55,140 in interest and $85,910 in dividends. In order to fund a large expansion, the company also raised $393,000 in new stock and borrowed $197,000 via the bond market, though a portion of new borrowing was used to pay back $150,000 in bonds that were maturing this year. Calculate the cash flow to creditors.
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