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28 Sep 2019
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.)
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.) |
Patrina SchowalterLv2
28 Sep 2019