MGF 405 Lecture Notes - Lecture 1: Cash Flow, Income Statement, Operating Cash Flow
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6 Oct 2015
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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 | $ |