The 2014 balance sheet of Suparpova’s Tennis Shop, Inc., showed long-term debt of $1.95 million, and the 2015 balance sheet showed long-term debt of $2.28 million. The 2015 income statement showed and interest expense of $235,000. What was the firm’s cash flow to creditors during 2015?
The 2014 balance sheet of Suparpova’s Tennis Shop, Inc., showed long-term debt of $1.95 million, and the 2015 balance sheet showed long-term debt of $2.28 million. The 2015 income statement showed and interest expense of $235,000. What was the firm’s cash flow to creditors during 2015?
