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  3. sales = $260,000, cost of goods sold = $180,000, d

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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