The 2014 balance sheet of Sugarpova's Tennis Shop, Inc., showed long-term debt of $5.9 million, and the 2015 balance sheet showed long-term debt of $6.3 million. The 2015 income statement showed an interest expense of $155,000. What was the firm's cash flow to creditors during 2015?
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- The December 31, 2015, balance sheet of Schism, Inc., showed long-term debt of $1,730,000, and the December 31, 2016, balance sheet showed long-term debt of $1,420,000. The 2016 income statement showed an interest expense of $97,000. What was the firm's cash flow to creditors during 2016? (A negative answer should be indicated by a minus sign. Enter your answer in dollars, not millions of dollars, e.g., 1,234,567. Do not round intermediate calculations and round your answer to the nearest whole number, e.g., 32.)The 2017 balance sheet of Kerber’s Tennis Shop, Inc., showed long-term debt of $6.5 million, and the 2018 balance sheet showed long-term debt of $6.4 million. The 2018 income statement showed an interest expense of $175,000. What was the firm’s cash flow to creditors during 2018? (A negative answer should be indicated by a minus sign. Enter your answer in dollars, not millions of dollars, e.g., 1,234,567.)Consider the following financial statements (in millions of $). In 2016, the company did not pay any dividends. If this is the case, what was the retained earnings at the end of year 2015? A) $ 1000 B) $ 974C) $ 842D) $ 868E) OTHER
- The 2008 balance sheet of Maria's Tennis Shop, Inc., showed long-term debt of $2.35 million, and the 2009 balance sheet showed long-term debt of $4.3 million. The 2009 income statement showed an interest expense of $180,000. What was the firm's cash flow to creditors during 2009?Need answerThe 2017 balance sheet of Kerber's Tennis Shop, Inc., showed long-term debt of $2.55 million, and the 2018 balance sheet showed long-term debt of $3.7 million. The 2018 income statement showed an Interest expense of $220,000. What was the firm's cash flow to creditors during 2018? Multiple Cholce $1,150,000 $1,150,220 $-221,150 $-930,000 $-218,850
- Bold Company’s 2016 income statement reported total credit revenue of $250,000. Bold’s accounts receivable balance on January 1, 2016 was $30,000, and its December 31, 2016 accounts receivable balance was $10,000. Bold’s accounts payable balance on January 1, 2016 was $25,000, and its December 31, 2016 accounts payable balance was $35,000. How much did Bold collect from customers during 2016?The 2014 balance sheet of Sugarpova's Tennis Shop, Inc., showed long- term debt of $3.3 million, and the 2015 balance sheet showed long-term debt of $3.4 million. The 2015 income statement showed an interest expense of $155,000. During 2015, the company had a cash flow to creditors of $55,000 and the cash flow to stockholders for the year was $60,000. Suppose you also know that the firm s net capital spending for 2015 was $1,350,000 and that the firm reduced its net working capital investment by $65,000. What was the firm's 2015 operating cash flow, or OCF?I want to correct answer
- Suppose the following information was taken from the 2017 financial statements of FedEx Corporation, a major global transportation/delivery company. (in millions) 2017 2016 Accounts receivable (gross) $ 3,302 $ 4,396 Accounts receivable (net) 3,273 4,367 Allowance for doubtful accounts 29 29 Sales revenue 32,226 39,472 Total current assets 6,758 6,532 Answer each of the following questions. (a) Calculate the accounts receivable turnover and the average collection period for 2017 for FedEx Corporation. (Round answers to 1 decimal place, e.g. 12.5. Use 365 days for calculation.)The 2017 balance sheet of Kerber's Tennis Shop, Incorporated, showed long-term debt of $2.75 million, and the 2018 balance sheet showed long-term debt of $3.65 million. The 2018 income statement showed an interest expense of $220,000. What was the firm's cash flow to creditors during 2018? Multiple Choice $900,000 $900,220 $-680,000 $-220,900 身ROA?