Problem

Cash Flow to Creditors The 2009 balance sheet of Anna’s Tennis Shop, Inc., showed long-ter...

Cash Flow to Creditors The 2009 balance sheet of Anna’s Tennis Shop, Inc., showed long-term debt of $1.34 million, and the 2010 balance sheet showed long-term debt of $1.39 million. The 2010 income statement showed an interest expense of $118,000. What was the firm’s cash flow to creditors during 2010?

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