Question
Class: Financial management (HW1 Ch. 2) Problem 2-8 cash flow to creditors The 2016 balance sheet of Maria's Tennis shop Inc. showed long-term debt of
Class: Financial management (HW1 Ch. 2)
Problem 2-8 cash flow to creditors
The 2016 balance sheet of Maria's Tennis shop Inc. showed long-term debt of $ 6.3 million, and the 2017 balance sheet showed long-term debt of 6.7 million. The 2017 income statement showed an interest expense of $ 175,000.
What was the firm's cash flow to creditors during 2017?
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Financial Management Theory and Practice
Authors: Eugene F. Brigham, Michael C. Ehrhardt
16th edition
1337902608, 978-1337902601
