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A company has beginning total debt of $682,400 and ending total debt of $697,413. Current liabilities...

A company has beginning total debt of $682,400 and ending total debt of $697,413. Current liabilities increased by $18,915 during the year. What was the cash flow to creditors if the firm paid $34,215 in interest during the year?

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Answer #1

Cash flow to creditors = Interest Paid - Net New LTD

= $34,215 - [$697,413 - $682,400 - $18,915]

= $34,215 - (-$3,902) = $38,117

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