Homework Answers
Answer:
Calculation of firm's cash flow to creditors during 2018
= loan repaid/ (Loan taken) + Interest expense
a) loan repaid/ (Loan taken)= Loan balance in 2017 - Loan balance in 2018
= $2.55 million - $4.2 million
= -$ 1.65 million
Calculation of firm's cash flow to creditors during 2018 = - $ 1,650,000 + 210,000
= - $1,440,000 (Answer)
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