The 2011 balance sheet of Anna’s Tennis Shop, Inc., showed long-term debt of $5.2 million, and the 2012 balance sheet sh
Posted: Tue Jan 18, 2022 1:00 pm
The 2011 balance sheet of Anna’s Tennis Shop, Inc., showed
long-term debt of $5.2 million, and the 2012 balance sheet showed
long-term debt of $5.4 million. The 2012 income statement showed an
interest expense of $125,000.
What was the firm’s cash flow to creditors during 2012?
long-term debt of $5.2 million, and the 2012 balance sheet showed
long-term debt of $5.4 million. The 2012 income statement showed an
interest expense of $125,000.
What was the firm’s cash flow to creditors during 2012?