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FinanceQ&A LibraryCash Flow to Creditors The 2017 balance sheet of Kerber's Tennis Shop inc., showed long-term debt of $1.87 million, and the 2018 balance sheet showed long-term debt of $2.21 million. The 2018 income statement showed an interest expense of $255,000. What was the firm's cash flow to creditors during 2018?Start your trial now! First week only $4.99!*arrow_forward*

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Cash Flow to Creditors

The 2017 balance sheet of Kerber's Tennis Shop inc., showed long-term debt of $1.87 million, and the 2018 balance sheet showed long-term debt of $2.21 million. The 2018 income statement showed an interest expense of $255,000. What was the firm's cash flow to creditors during 2018?

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