The 2023 balance sheet of Swiatek's Tennis Shop, Incorporated, showed long-term debt of $3.5 million, and the 2024 balance sheet showed long-term debt of $3.7 million. The 2024 income statement showed an interest expense of $ 115,000. What was the firm's cash flow to creditors during 2024 ? Note: A negative answer should be indicated by a minus sign. Enter your answer in dollars, not millions of dollars, e.g 1,234,567.

The 2023 balance sheet of Swiatek's Tennis Shop, Incorporated, showed long-term debt of $3.5 million, and the 2024 balance sheet showed long-term debt of $3.7 million. The 2024 income statement showed an interest expense of $ 115,000. What was the firm's cash flow to creditors during 2024 ? Note: A negative answer should be indicated by a minus sign. Enter your answer in dollars, not millions of dollars, e.g 1,234,567.

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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