Question
At the beginning of the year, MECCS Inc. had long-term debt of $827 and total debt of $1,285. At the end of the year, the
At the beginning of the year, MECCS Inc. had long-term debt of $827 and total debt of $1,285. At the end of the year, the long-term debt is $681 and total debt is $1,192. If $193 of interest was paid during the year, what is the cash flow to creditors?
A. $47
B. $286
C. $339
D. $100
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Analysis For Financial Management
Authors: Robert Higgins
6th Edition
0071181172, 9780071181174
