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The 2011 balance sheet of Annas Tennis Shop, Inc., showed long-term debt of $6 million, and the 2012 balance sheet showed long-term debt of $6.4
The 2011 balance sheet of Annas Tennis Shop, Inc., showed long-term debt of $6 million, and the 2012 balance sheet showed long-term debt of $6.4 million. The 2012 income statement showed an interest expense of $160,000. What was the firms cash flow to creditors during 2012?
(Do not round intermediate calculations. Negative amount should be indicated by a minus sign. Enter your answer in dollars, not millions of dollars, i.e. 1,234,567.) |
Cash flow to creditors | $ |
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