The 2008 balance sheet of Maria's Tennis Shop, Inc., showed $2.2 million in long-term debt, $800,000 in the Equity and the Equity in the 2009 balance sheet was $4.1 million. The 2009 income statement showed an interest expense of $220,000. Further, the company paid out $650,000 in cash dividends during 2009. If the firm's net capital spending for 2009 was $850,000, and the firm reduced its net working capital investment by $115,000, the firm's 2009 operating cash flow, or OCF?

The 2008 balance sheet of Maria's Tennis Shop, Inc., showed $2.2 million in long-term debt, $800,000 in the Equity and the Equity in the 2009 balance sheet was $4.1 million. The 2009 income statement showed an interest expense of $220,000. Further, the company paid out $650,000 in cash dividends during 2009. If the firm's net capital spending for 2009 was $850,000, and the firm reduced its net working capital investment by $115,000, the firm's 2009 operating cash flow, or OCF?

Intermediate Financial Management (MindTap Course List)

13th Edition

ISBN:9781337395083

Author:Eugene F. Brigham, Phillip R. Daves

Publisher:Eugene F. Brigham, Phillip R. Daves

Chapter6: Accounting For Financial Management

Section: Chapter Questions

Problem 6P: In its most recent financial statements, Del-Castillo Inc. reported 70 million of net income and 900...

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