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o Cash flow to creditors. Use the data from the following financial statements in the popup window, E. The company paid interest expense of $18,800
o Cash flow to creditors. Use the data from the following financial statements in the popup window, E. The company paid interest expense of $18,800 for 2017 and had an overall tax rate of 40% for 2017. Find the cash flow to creditors for 2017 by parts and total, with the parts being interest expense and increases or decreases in borrowing (long-term debt). The interest expense for the year is $ 18800 (Round to the nearest dollar.) The net new borrowing is $. (Round to the nearest dollar.) The cash flow to creditors is $17. (Round to the nearest dollar.) Data Table (Click on the following icon 2 in order to copy its contents into a spreadsheet.) Partial Income Statement Year Ending 2017 Sales revenue $350,100 Cost of goods sold $141,800 $43,100 Fixed costs Selling, general, and administrative expenses Depreciation $27,800 Enter your answer in each of the answer boxes. $45,900 2016 ASSETS LIABILITIES Cash 16,200 Notes payable Accounts receivable 28,100 Accounts payable Inventories 48,000 Long-term debt Fixed assets 367,900 OWNERS' EQUITY Accumulated depreciation 142,500 Retained earnings Intangible assets 82,200 Common stock 13,800 19,200 190,200 132,000 2017 ASSETS LIABILITIES Cash 26,100 Notes payable Accounts receivable 19,100 Accounts payable Inventories 53,100 Long-term debt Fixed assets 447,800 OWNERS' EQUITY Accumulated depreciation Retained earnings Intangible assets 81,800 Common stock 12,100 24,100 162,000 181,900
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