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The 2014 balance sheet of Sugarpovas Tennis Shop Inc showed long term debt of $64 million and the 2015 balance sheet showed long term debt of $66 million The 2015 income statement showed an

The 2014 balance sheet of Sugarpova's Tennis Shop, Inc., showed long-term debt of $6.4 million, and the 2015 balance sheet showed long-term debt of $6.6 million. The 2015 income statement showed an interest expense of $225,000. During 2015, the company had a cash flow to creditors of $25,000 and the cash flow to stockholders for the year was $80,000. Suppose you also know that the firm’s net capital spending for 2015 was $1,490,000, and that the firm reduced its net working capital investment by $93,000. What was the firm’s 2015 operating cash flow, or OCF? (Enter your answer in dollars, not millions of dollars, e.g., 1,234,567.)

 

Apr 17 2020 View more View Less

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