The 2017 balance sheet of Kerber's Tennis Shop, Inc., showedlong-term debt of $6.3 million, and the 2018 balance sheet showedlong-term debt of $6.5 million. The 2018 income statement showed aninterest expense of $220,000. During 2018, the company had a cashflow to creditors of $20,000 and the cash flow to stockholders forthe year was $75,000. Suppose you also know that the firmâs netcapital spending for 2018 was $1,480,000, and that the firm reducedits net working capital investment by $91,000. What was the firmâs2018 operating cash flow, or OCF? (Enter your answer in dollars,not millions of dollars, e.g., 1,234,567.)
The 2017 balance sheet of Kerber's Tennis Shop, Inc., showedlong-term debt of $6.3 million, and the 2018 balance sheet showedlong-term debt of $6.5 million. The 2018 income statement showed aninterest expense of $220,000. During 2018, the company had a cashflow to creditors of $20,000 and the cash flow to stockholders forthe year was $75,000. Suppose you also know that the firmâs netcapital spending for 2018 was $1,480,000, and that the firm reducedits net working capital investment by $91,000. What was the firmâs2018 operating cash flow, or OCF? (Enter your answer in dollars,not millions of dollars, e.g., 1,234,567.)
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.) |
| 1. Bowyer Driving Schoolâs 2014 balance sheet showed net fixed assets of $4.4 million, and the 2015 balance sheet showed net fixed assets of $5.1 million. The companyâs 2015 income statement showed a depreciation expense of $240,000.What was net capital spending for 2015?
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