Question
The 2017 balance sheet of Kerbers Tennis Shop, Inc., showed long-term debt of $5.7 million, and the 2018 balance sheet showed long-term debt of $6.1
| The 2017 balance sheet of Kerbers Tennis Shop, Inc., showed long-term debt of $5.7 million, and the 2018 balance sheet showed long-term debt of $6.1 million. The 2018 income statement showed an interest expense of $145,000. |
| What was the firms cash flow to creditors during 2018? |
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Business Finance
Authors: Brian Watts
8th Edition
0712110720, 978-0712110723
