Quantum Inc. shows the following information on its 2023 income statement: Description Sales Amount $162,000 Costs $94,500 Other expenses $5,200 Depreciation expense $6,800 Interest expense $22,400 $11,250 $9,300 Taxes Dividends In addition, you're told that the firm issued $4,700 in new equity during 2023 and redeemed $7,600 in outstanding long-term debt. What is the 2023 cash flow to creditors?
Quantum Inc. shows the following information on its 2023 income statement: Description Sales Amount $162,000 Costs $94,500 Other expenses $5,200 Depreciation expense $6,800 Interest expense $22,400 $11,250 $9,300 Taxes Dividends In addition, you're told that the firm issued $4,700 in new equity during 2023 and redeemed $7,600 in outstanding long-term debt. What is the 2023 cash flow to creditors?
Fundamentals Of Financial Management, Concise Edition (mindtap Course List)
10th Edition
ISBN:9781337902571
Author:Eugene F. Brigham, Joel F. Houston
Publisher:Eugene F. Brigham, Joel F. Houston
Chapter3: Financial Statements, Cash Flow, And Taxes
Section: Chapter Questions
Problem 19SP
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Question
What is the

Transcribed Image Text:Quantum Inc. shows the following information on its 2023 income
statement:
Description
Sales
Amount
$162,000
Costs
$94,500
Other expenses
$5,200
Depreciation expense $6,800
Interest expense
$22,400
$11,250
$9,300
Taxes
Dividends
In addition, you're told that the firm issued $4,700 in new equity
during 2023 and redeemed $7,600 in outstanding long-term debt.
What is the 2023 cash flow to creditors?
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