Carlisle express paid $1,282 in interest and $975 in dividends last year. current assets increased by $2,700, current liabilities decreased by $420, and long-term debt increased by $2,200. what was the cash flow to creditors?

-$918

Step-by-step explanation:

Given information:

Interest = $1282

Dividend = $975

Current assets increased by $2,700.

Current liabilities decreased by $420.

Long-term debt increased by $2,200.

Working Capital = Current Assets -Current Liabilities

                           = $2700-(-$420)

                           = $3120

Cash flow to creditors = Interest - Increase in long term debt = $1282 - $2200 = -$918.

Therefore, the cash flow to creditors is -$918.

answer: c. is your answer

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