The 2010 balance sheet of Maria's Tennis Shop, Inc., showed long-term debt of $5.7 million, and the 2011 balance sheet showed long-term debt of $5.90 million. The 2011 income statement showed an interest expense of $190,000. During 2011, Maria�s Tennis Shop, Inc. realized the following:
Cash flow to creditors $ -10,000 Cash flow to stockholders $ 70,000
Suppose you also know that the firm�s net capital spending for 2011 was $1,420,000, and that the firm reduced its net working capital investment by $79,000.
What was the firm�s 2011 operating cash flow, or OCF? (Enter your answer in dollars, not millions of dollars, i.e. 1,234,567.)
Operating cash flow $
| The 2010 balance sheet of Maria's Tennis Shop, Inc., showed long-term debt of $5.7 million, and the 2011 balance sheet showed long-term debt of $5.90 million. The 2011 income statement showed an interest expense of $190,000. During 2011, Maria�s Tennis Shop, Inc. realized the following: |
| Cash flow to creditors | $ | -10,000 |
| Cash flow to stockholders | $ | 70,000 |
| Suppose you also know that the firm�s net capital spending for 2011 was $1,420,000, and that the firm reduced its net working capital investment by $79,000. |
| What was the firm�s 2011 operating cash flow, or OCF? (Enter your answer in dollars, not millions of dollars, i.e. 1,234,567.) |
| Operating cash flow | $ |
Related questions
The 2017 balance sheet of Kerber's Tennis Shop, Inc., showedlong-term debt of $3.3 million, and the 2018 balance sheet showedlong-term debt of $3.4 million. The 2018 income statement showed aninterest expense of $155,000. During 2018, the company had a cashflow to creditors of $55,000 and the cash flow to stockholders forthe year was $60,000. Suppose you also know that the firmâs netcapital spending for 2018 was $1,350,000, and that the firm reducedits net working capital investment by $65,000. |
What was the firmâs 2018 operating cash flow, or OCF? (Enteryour answer in dollars, not millions of dollars, e.g.,1,234,567.) |
