Question
The 2017 balance sheet of Kerbers Tennis Shop, Inc., showed long-term debt of $5.8 million, and the 2018 balance sheet showed long-term debt of $6.2
The 2017 balance sheet of Kerbers Tennis Shop, Inc., showed long-term debt of $5.8 million, and the 2018 balance sheet showed long-term debt of $6.2 million. The 2018 income statement showed an interest expense of $150,000. What was the firms cash flow to creditors during 2018?
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Personal Finance
Authors: Jack Kapoor
13th Edition
1260799735, 9781260799736
