Question
PARROTHEAD ENTERPRISES 2017 and 2018 Partial Balance Sheets AssetsLiabilities and Owners' Equity 2017201820172018 Current assets$1,236$1,347 Current liabilities$517$571 Net fixed assets5,0086,043 Long-term debt2,6832,855 PARROTHEAD ENTERPRISES 2018
PARROTHEAD ENTERPRISES
2017 and 2018 Partial Balance Sheets
AssetsLiabilities and Owners' Equity
2017201820172018
Current assets$1,236$1,347
Current liabilities$517$571
Net fixed assets5,0086,043
Long-term debt2,6832,855
PARROTHEAD ENTERPRISES
2018 Income Statement
Sales $15,538
Costs7,180
Depreciation1,393
Interest paid408
During 2018, Parrothead Enterprises raised $529 in new long-term debt. What is the cash flow to creditors?
The debt retired is $357.
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International financial management
Authors: Jeff Madura
13th edition
978-1337099738, 1337099732, 9781337515894, 1337515892, 978-1337587211
