Question
The 2013 balance sheet of Marias Tennis Shop, Inc., showed long-term debt of $2.4 million, and the 2014 balance sheet showed long-term debt of $3.8
The 2013 balance sheet of Marias Tennis Shop, Inc., showed long-term debt of $2.4 million, and the 2014 balance sheet showed long-term debt of $3.8 million. The 2014 income statement showed an interest expense of $719,000.
What was the firms cash flow to creditors during 2014? (Round final answer to the nearest whole dollar. Do not round intermediate calculations).
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Financial Risk Manager Handbook
Authors: Philippe Jorion, Global Association Of Risk Professionals
5th Edition
0470479612, 978-0470479612
