Business
Business, 26.02.2020 03:52, emmaphillips2

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 $

answer
Answers: 2

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The 2010 balance sheet of Maria's Tennis Shop, Inc., showed long-term debt of $5.7 million, and the...

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