Create an Account

Already have account?

Forgot Your Password ?

Home / Questions / The 2013 balance sheet of Maria's Tennis Shop, Inc., showed long-term debt of $6.2 million...

The 2013 balance sheet of Maria's Tennis Shop, Inc., showed long-term debt of $6.2 million, and the 2014 balance sheet showed long-term debt of $6.4 million. The 2014 income statement showed

The 2013 balance sheet of Maria's Tennis Shop, Inc., showedlong-term debt of $6.2 million, and the 2014 balance sheet showedlong-term debt of $6.4 million. The 2014 income statement showed aninterest expense of $215,000. During 2014, Maria’s Tennis Shop,Inc., had a cash flow to creditors of $15,000 and the cash flow tostockholders for the year was $70,000. Suppose you also know thatthe firm’s net capital spending for 2014 was $1,470,000, and thatthe firm reduced its net working capital investment by $89,000.

What was the firm’s 2014 operating cash flow, or OCF?

Aug 16 2021 View more View Less

Answer (Solved)

question Subscribe To Get Solution

Related Questions