The 2014 statement of financial position of Annas Tennis Shop Inc. showed long term debt of $1.45

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The 2014 statement of financial position of Anna’s Tennis Shop Inc. showed long term debt of $1.45 million, and the 2015 statement of financial position showed long-term debt of $1.52 million. The 2015 statement of comprehensive income showed an interest expense of $127,000. What was the firm’s cash flow to creditors during 2015?
Cash Flow To Creditors
Cash flow to debt holder’s equation to compute the cash flow of a company. Cash flow is the measure of total amount of liquid cash that is moving in and out of the business. Cash flow to creditors formula is derived as I - E + B where I =...
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Corporate Finance

ISBN: 978-0071339575

7th Canadian Edition

Authors: Stephen Ross, Randolph Westerfield, Jeffrey Jaffe, Gordon Ro

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