Reference no: EM131446830
At the beginning of the year, a firm had total assets of $360,000, current liabilities of $28,700, and total equity of $229,000. At the end of the year, the total assets were $411,000, current liabilities were $31,600, and total equity was $246,000. The firm paid $6,800 in interest expense. What is the cash flow to creditors for the year?
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Supply the majority of the firm capital
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What is the cash flow to creditors for the year
: At the beginning of the year, a firm had total assets of $360,000, current liabilities of $28,700, and total equity of $229,000. At the end of the year, the total assets were $411,000, current liabilities were $31,600, and total equity was $246,000. ..
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