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For a given year, ABC Inc. paid $475 in interest, $950 in dividends, and $450 in taxes. The firm had a net income of $1,450,
For a given year, ABC Inc. paid $475 in interest, $950 in dividends, and $450 in taxes. The firm had a net income of $1,450, depreciation of $1,650, an increase in net working capital of $280, and an increase in net fixed assets of $1,050. There were no changes in the equity accounts other than the change in retained earnings. What is the firm's net retirement of its long-term debt if the annual cash flow from assets is $1,838?
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