Question
Your review of the financial statements for M&M Food Corporation provided the following information: 2014 2015 Sales $5,831,000 $6,423,000 COGS 3,670,000 4,109,000 Interest 291,000 280,000
Your review of the financial statements for M&M Food Corporation provided the following information: 2014 2015 Sales $5,831,000 $6,423,000 COGS 3,670,000 4,109,000 Interest 291,000 280,000 Depreciation 125,000 122,000 Cash 250,000 313,000 Accounts receivable 1,092,000 1,162,000 Current liabilities 717,000 1,051,000 Inventory 1,495,000 1,521,000 Long-term debt 2,400,000 1,100,000 Net fixed assets 4,006,000 4,123,000 Common stock 1,900,000 2,100,000 Taxes 590,000 670,000 What is the cash flow to creditors for 2015? -$1,020,000 -$1,100,000 $280,000 $1,580,000 $1,760,000
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