The 2020 balance sheet of Osaka's Tennis Shop, Incorporated, showed long-term debt of $5.2 million, and the 2021 balance sheet showed long-term debt of $5.4 million. The 2021 income statement showed an interest expense of $125,000. What was the firm's cash flow to creditors during 2021? (A negative answer should be indicated by a minus sign. Enter your answer in dollars, not millions of dollars, e.g., 1,234,567.) Cash flow to creditors
The 2020 balance sheet of Osaka's Tennis Shop, Incorporated, showed long-term debt of $5.2 million, and the 2021 balance sheet showed long-term debt of $5.4 million. The 2021 income statement showed an interest expense of $125,000. What was the firm's cash flow to creditors during 2021? (A negative answer should be indicated by a minus sign. Enter your answer in dollars, not millions of dollars, e.g., 1,234,567.) 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
Chapter16: Financial Planning And Forecasting
Section: Chapter Questions
Problem 3P: AFN EQUATION Refer to Problem 16-1 and assume that the company had 3 million in assets at the end of...
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![The 2020 balance sheet of Osaka's Tennis Shop, Incorporated, showed long-term debt
of $5.2 million, and the 2021 balance sheet showed long-term debt of $5.4 million. The
2021 income statement showed an interest expense of $125,000. What was the firm's
cash flow to creditors during 2021? (A negative answer should be indicated by a minus
sign. Enter your answer in dollars, not millions of dollars, e.g., 1,234,567.)
Cash flow to creditors](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F985f56dd-85a1-4e9b-aa4e-616c59216ee4%2F71f66d4f-99ee-4983-88ad-f16a5607adfe%2Fl42o96i_processed.jpeg&w=3840&q=75)
Transcribed Image Text:The 2020 balance sheet of Osaka's Tennis Shop, Incorporated, showed long-term debt
of $5.2 million, and the 2021 balance sheet showed long-term debt of $5.4 million. The
2021 income statement showed an interest expense of $125,000. What was the firm's
cash flow to creditors during 2021? (A negative answer should be indicated by a minus
sign. Enter your answer in dollars, not millions of dollars, e.g., 1,234,567.)
Cash flow to creditors
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