Question: The 2011 balance sheet of Anna s Tennis Shop Inc showed
The 2011 balance sheet of Anna’s Tennis Shop, Inc., showed long-term debt of $1.45 million, and the 2012 balance sheet showed long-term debt of $1.52 million. The 2012 income statement showed an interest expense of $127,000. What was the firm’s cash flow to creditors during 2012?
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