On June 30^th, 2023, Carrabba’s Italian Restaurant had long-term debt of $2,370,000. The previous year-end (June 30^th, 2022), the long-term debt was $2,520,000. During the 2022-23 financial year, the restaurant paid its creditors $90,000 in interest payments. What is the amount of the cash flow to creditors in the calculation of financial cash flow?

Taco Hell Inc. has long-term fixed assets of $3,620,000. On the liability side, its long-term debt is $1,300,000 and its current liabilities are $600,000. The company also reports book value of equity of $3,240,000. What is the amount of current assets in Taco Hell’s Balance sheet?

Answer rating: 100% (QA)

Let s calculate the cash flow to creditors for Carrabba s Italian Restaurant Cash Flow to Credit View the full answer