Explain the firms cash flow to creditors


The December 31, 2009, balance sheet of Schism, Inc., showed long-term debt of $1.395 million, and the December 31, 2010, balance sheet showed long-term debt of $1.57 million. The 2010 income statement showed an interest expense of $93,500.
Required:

What was the firm's cash flow to creditors during 2010? (Do not include the dollar sign ($). Negative amount should be indicated by a minus sign. Enter your answer in dollars, not millions of dollars (e.g., 1,234,567))

Request for Solution File

Ask an Expert for Answer!!
Finance Basics: Explain the firms cash flow to creditors
Reference No:- TGS0723839

Expected delivery within 24 Hours