The 2017 statement of financial position of Annas Tennis Shop Inc. showed long-term debt of $1.45 million,

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The 2017 statement of financial position of Anna’s Tennis Shop Inc. showed long-term debt of $1.45 million, and the 2018 statement of financial position showed long-term debt of $1.52 million. The 2018 statement of comprehensive income showed an interest expense of $127,000. What was the firm’s cash flow to creditors during 2018?

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Corporate Finance

ISBN: 9781259270116

8th Canadian Edition

Authors: Stephen Ross, Randolph Westerfield, Jeffrey Jaffe, Gordon Roberts, Hamdi Driss

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