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The 2008 balance sheet of Marias Tennis Shop Inc showed $255 million in long term debt $740000 in the common stock account and $605 million in the additional paid in surplus account The

The 2008 balance sheet of Maria's Tennis Shop, Inc., showed $2.55 million in long-term debt, $740,000 in the common stock account, and $6.05 million in the additional paid-in surplus account. The 2009 balance sheet showed $3.85 million, $905,000, and $8.55 million in the same three accounts, respectively. The 2009 income statement showed an interest expense of $210,000. The company paid out $650,000 in cash dividends during 2009. If the firm's net capital spending for 2009 was $740,000, and the firm reduced its net working capital investment by $145,000, the firm's 2009 operating cash flow, or OCF?

 

Apr 18 2020 View more View Less

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