The 2014 balance sheet of Jordanâs Golf Shop, Inc., showed long-term debt of $6.4 million, and the 2015 balance sheet showed long-term debt of $6.8 million. The 2015 income statement showed an interest expense of $180,000.
What was the firmâs cash flow to creditors during 2015? (Do not round intermediate calculations. 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 2014 balance sheet of Jordanâs Golf Shop, Inc., showed long-term debt of $6.4 million, and the 2015 balance sheet showed long-term debt of $6.8 million. The 2015 income statement showed an interest expense of $180,000. |
| What was the firmâs cash flow to creditors during 2015? (Do not round intermediate calculations. 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 | $ |
Related questions
| 1. Bowyer Driving Schoolâs 2014 balance sheet showed net fixed assets of $4.4 million, and the 2015 balance sheet showed net fixed assets of $5.1 million. The companyâs 2015 income statement showed a depreciation expense of $240,000.What was net capital spending for 2015?
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| The 2010 balance sheet of Maria's Tennis Shop, Inc., showed long-term debt of $5.7 million, and the 2011 balance sheet showed long-term debt of $5.90 million. The 2011 income statement showed an interest expense of $190,000. During 2011, Maria�s Tennis Shop, Inc. realized the following: |
| Cash flow to creditors | $ | -10,000 |
| Cash flow to stockholders | $ | 70,000 |
| Suppose you also know that the firm�s net capital spending for 2011 was $1,420,000, and that the firm reduced its net working capital investment by $79,000. |
| What was the firm�s 2011 operating cash flow, or OCF? (Enter your answer in dollars, not millions of dollars, i.e. 1,234,567.) |
| Operating cash flow | $ |
