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LexCorp has the following Income statement and balance sheet for 1997. What is the firms Cash Flow to Creditors ? (Round to nearest penny and

LexCorp has the following Income statement and balance sheet for 1997. What is the firms Cash Flow to Creditors ?

(Round to nearest penny and do not enter commas, e.g. 1234.56)

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1997 Income Statement Revenue 228967 Costs 68406 Depreciation 15143 Ebit Interest Expense 9486 Taxable Income Tax Expense @ 22% Net Income 1997 Balance Sheet Year 1996 1997 1996 1997 17619 18161 15948 12741 Current Assets Current Liabilities 157498 173772 139058 146843 Fixed Assets Long- Term Debt 37466 32379 Common Stock

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