A company's 2022 income statement showed depreciation expense of $900,000 and interest expense of $500,000. The addition to retained earnings for the year was $700,000 and dividends paid during the year were $800,000. At the start of the year, the company's long-term debt was $7,200,000 and owner's equity was $29,700,000. At the end of the year, the company's long-term debt was $6,700,000 and owner's equity was $28,800,000. What is the company's cash flow to creditors for 2022?

Answer rating: 100% (QA)

To calculate the cash flow to creditors for 2022 we need to consider the cha... View the full answer