Question
The 2008 balance sheet of Maria's Tennis Shop, Inc., showed long-term debt of $3.05 million, and the 2009 balance sheet showed long-term debt of $3.85
The 2008 balance sheet of Maria's Tennis Shop, Inc., showed long-term debt of $3.05 million, and the 2009 balance sheet showed long-term debt of $3.85 million. The 2009 income statement showed an interest expense of $360,000. What was the firm's cash flow to creditors during 2009?
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Focus On Personal Finance
Authors: Jack Kapoor, Les Dlabay, Robert Hughes, Melissa Hart
6th Edition
125991965X, 978-1259919657
