Question
The 2017 balance sheet of Kerbers Tennis Shop, Incorporated, showed long-term debt of $2.45 million, and the 2018 balance sheet showed long-term debt of $3.7
The 2017 balance sheet of Kerbers Tennis Shop, Incorporated, showed long-term debt of $2.45 million, and the 2018 balance sheet showed long-term debt of $3.7 million. The 2018 income statement showed an interest expense of $220,000. What was the firm's cash flow to creditors during 2018?
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Introduction To Personal Finance Beginning Your Financial Journey
Authors: Lance Palmer, John E. Grable
2nd Edition
1119797063, 978-1119797067
