Sales = $260,000, cost of goods sold = $180,000, depreciation = $15,000, interest paid =...
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Finance
Sales = $260,000, cost of goods sold = $180,000, depreciation = $15,000, interest paid = $40,000, addition to retained earnings = $12,500, tax rate = 30%. During the year, net working capital increased by $12,000, the company issued $15,000 in equity and redeemed $14,000 in outstanding long-term debt. What is cash flow to creditors?
Below $0
B.
Between $0 and $10,500
C.
Between $10,500 and $20,500
D.
Between $20,500 and $30,500
E.
Between $30,500 and $40,500
F.
Between $40,500 and $50,500
G.
Between $50,500 and $60,500
H.
Above $60,500
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