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Find firm cash flow to creditors

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Problem: The 2019 balance sheet of Dyrdek's Skate Shop, Inc., showed long-term debt of $6.2 million, and the 2020 balance sheet showed long-term debt of $6.6 million. The 2020 income statement showed an interest expense of $170,000. What was the firm's cash flow to creditors during 2020? (A negative answer should be indicated by a minus sign. Do not round intermediate calculations and enter your answer in dollars, not millions of dollars, e.g., 1,234,567.)

Reference no: EM133036840

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