Question

Consider the following abbrevilated financial statements for Pacrotbead Enterprises PARROTHEAD ENTERPRISES PARROTHEAD ENTERPRISES 2014 and 2015 Partial Balance Sheets 2015 Income Statement Liabilities & Owners Equity Assets Sales 12949 2015 2014 2015 2014 Costs 5347 Current assets 902 909 Current 384 436 Depreciation 1038 liabilities Net fixed assets 3542 4193 Long-term debt 2040 2191 Interest 184 During 2015, Parrothead Enterprises raised $411 in new long-term debt. What is the cash flow to creditors

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Answer #1
Cash Flow to Creditors = Interest Paid - (Net New Borrowings)
Cash Flow to Creditors = $ 184 - ( - $ 411)
Cash Flow to Creditors = $ 184 + $ 411
Cash Flow to Creditors = $ 595
Answer = Cash Flow to Creditors = $ 595
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Consider the following abbrevilated financial statements for Pacrotbead Enterprises PARROTHEAD ENTERPRISES PARROTHEAD ENTERPRISES 2014 and 2015...
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