Question
The 2014 balance sheet of Sugarpova's Tennis Shop Inc., showed long-term debt of $1.95 million, and the 2015 balance sheet showed long-term debt of $2.28
The 2014 balance sheet of Sugarpova's Tennis Shop Inc., showed long-term debt of $1.95 million, and the 2015 balance sheet showed long-term debt of $2.28 million. The 2015 income statement showed an interest expense of $235,000. What was the firm's cash flow to creditors during 2015?
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Entrepreneurial Finance
Authors: Philip J. Adelman, Alan M. Marks
4th Edition
0132434792, 9780132434799
