Academic Integrity: tutoring, explanations, and feedback — we don’t complete graded work or submit on a student’s behalf.

The 2009 balance sheet of Maria\'s Tennis Shop, Inc., showed long-term debt of $

ID: 2659829 • Letter: T

Question

The 2009 balance sheet of Maria's Tennis Shop, Inc., showed long-term debt of $3.2 million, and the 2010 balance sheet showed long-term debt of $3.9 million. The 2010 income statement showed an interest expense of $750,000. (Do not include the dollar sign ($). Enter answer in dollars, not millions of dollars, e.g., $1,234,567.)

The 2009 balance sheet of Maria's Tennis Shop, Inc., showed long-term debt of $3.2 million, and the 2010 balance sheet showed long-term debt of $3.9 million. The 2010 income statement showed an interest expense of $750,000. (Do not include the dollar sign ($). Enter answer in dollars, not millions of dollars, e.g., $1,234,567.)

The firm's cash flow to creditors during 2010 is $_________

Explanation / Answer

The 2009 balance sheet of Maria's Tennis Shop, Inc., showed long-term debt of $