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

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The 2014 balance sheet of Sugarpova's Tennis Shop, Inc., showed long-term debt of $2.5 million, and the 2015 balance sheet showed long-term debt of $2.65 million. The 2015 income statement showed an interest expense of $100,000. During 2015, the company had a cash flow to creditors of -$50,000 and the cash flow to stockholders for the year was $60,000. Suppose you also know that the firm’s net capital spending for 2015 was $1,310,000, and that the firm reduced its net working capital investment by $57,000.

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Financial Management, Finance

Category:- Financial Management
Reference No.:- M92790580

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