What is the cash flow to the creditors for 2017? CASA Rubber, Inc 2017 Income St

Question

What is the cash flow to the creditors for 2017? CASA Rubber, Inc 2017 Income Statement 28,000.00 16,500.00 1,030.00 Net sales Cost of goods sold Selling, general, and administrative expenses Depreciation Earnings before interest and taxes Interest Pretax income Taxes Net income 1,100.00 9,370.00 320.00 9,050.00 3077.00 5,973.00 Casa Rubber, Inc 2016 and 2017 Balance Sheets 2017 2016 298 3,006 5,310 8,614 2016 6,219 1,880 8,099 17,536 2017 6,384 1,625 8,009 20,291 306 Cash Accounts receivable Inventory 3,422 5,950 9,678 Accounts payable Accrued expenses Total Total Long-term debt 32,365 40,979 15,344 40,979 15,978 44,278 Net fixed assets 34,600 Owners' equity Total liabilities and equity Total assets 44,278 $2,680 $2,376 $2,643 $2,435 $2,917

Explanation / Answer

Correct option is > -$2,435

Cash flow to creditors = Long-term debt 2016 - Long-term debt 2017 + Interest

Cash flow to creditors = 17536 - 20291 + 320

Cash flow to creditors = -$2,435

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