The 2014 balance sheet of sugarpovarsquos tennis shop inc, Ask an Expert

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The 2014 balance sheet of Sugarpova’s Tennis Shop, Inc., showed long-term debt of $6 million, and the 2015 balance sheet showed long-term debt of $6.4 million. The 2015 income statement showed an interest expense of $160,000. What was the firm’s cash flow to creditors during 2015? (Negative amount should be indicated by a minus sign. Enter your answer in dollars, not millions of dollars, e.g., 1,234,567.)

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Financial Management, Finance

Category:- Financial Management
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