2019 2020 Cash $ 138 $ 97 Sales 10,204 11,317 Inventory 5,209 5,138 Depreciation 956 948 Cost of goods sold 4,207 4,618 Accounts payable 3,338 3,209 Long-term debt 4,200 3,800 Shareholders’ equity 9,229 9,906 Accounts receivable 2,780 2,960 Net fixed assets 8,640 8,720 Interest expense 350 320 Selling and administrative expenses 1,015 984 Taxes 1,250 1,512 What is the cash flow to creditors for 2020?
2019 2020 Cash $ 138 $ 97 Sales 10,204 11,317 Inventory 5,209 5,138 Depreciation 956 948 Cost of goods sold 4,207 4,618 Accounts payable 3,338 3,209 Long-term debt 4,200 3,800 Shareholders’ equity 9,229 9,906 Accounts receivable 2,780 2,960 Net fixed assets 8,640 8,720 Interest expense 350 320 Selling and administrative expenses 1,015 984 Taxes 1,250 1,512 What is the cash flow to creditors for 2020?
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Question
The financial information on Lazy Day, Inc. is as follows:
| 2019 | 2020 | |||||
| Cash | $ | 138 | $ | 97 | ||
| Sales | 10,204 | 11,317 | ||||
| Inventory | 5,209 | 5,138 | ||||
| 956 | 948 | |||||
| Cost of goods sold | 4,207 | 4,618 | ||||
| Accounts payable | 3,338 | 3,209 | ||||
| Long-term debt | 4,200 | 3,800 | ||||
| Shareholders’ equity | 9,229 | 9,906 | ||||
| 2,780 | 2,960 | |||||
| Net fixed assets | 8,640 | 8,720 | ||||
| Interest expense | 350 | 320 | ||||
| Selling and administrative expenses | 1,015 | 984 | ||||
| Taxes | 1,250 | 1,512 | ||||
What is the
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