What is the cash flow to the creditors for 2015? ...
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Finance
What is the cash flow to the creditors for 2015?
Lowell, Inc. | ||||||||
2015 Income Statement | ||||||||
Net sales | 11,418 | |||||||
Cost of goods sold | 7,050 | |||||||
Selling, general, and administratve expenses | 2,419 | |||||||
Depreciation | 1,550 | |||||||
Earnings before interest and taxes | 399 | |||||||
Interest | 215 | |||||||
Pretax income | 184 | |||||||
Taxes | 54 | |||||||
Net income | 130 | |||||||
Lowell, Inc. | ||||||||
2014 and 2015 Balance Sheets | ||||||||
Year 2014 | Year 2015 | Year 2014 | Year 2015 | |||||
Cash | 298 | 306 | Accounts payable | 6,219 | 6,184 | |||
Accounts receivable | 3,006 | 3,422 | Accrued expenses | 1,880 | 1,625 | |||
Inventory | 5,210 | 5,650 | Total | 8,099 | 7,809 | |||
Total | 8,514 | 9,378 | Long-term debt | 17,951 | 20,091 | |||
Net fixed assets | 32,780 | 34,500 | Owners' equity | 15,244 | 15,978 | |||
Total assets | 41,294 | 43,878 | Total liabilities and equity | 41,294 | 43,878 |
-$1,856 | ||
-$1,925 | ||
-$1,910 | ||
$2,230 | ||
$1,870 |
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