The 2010 balance sheet of Maria's Tennis Shop, Inc., showed long-term debt of $5.6 million,...
70.2K
Verified Solution
Link Copied!
Question
Accounting
| The 2010 balance sheet of Maria's Tennis Shop, Inc., showed long-term debt of $5.6 million, and the 2011 balance sheet showed long-term debt of $5.80 million. The 2011 income statement showed an interest expense of $185,000. During 2011, Marias Tennis Shop, Inc. realized the following: |
| Cash flow to creditors | $ | -15,000 |
| Cash flow to stockholders | $ | 65,000 |
| Suppose you also know that the firms net capital spending for 2011 was $1,410,000, and that the firm reduced its net working capital investment by $77,000. |
| What was the firms 2011 operating cash flow, or OCF? (Enter your answer in dollars, not millions of dollars, i.e. 1,234,567.) |
Get Answers to Unlimited Questions
Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!
Membership Benefits:
- Unlimited Question Access with detailed Answers
- Zin AI - 3 Million Words
- 10 Dall-E 3 Images
- 20 Plot Generations
- Conversation with Dialogue Memory
- No Ads, Ever!
- Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Other questions asked by students
StudyZin's Question Purchase
1 Answer
$0.99
(Save $1 )
One time Pay
- No Ads
- Answer to 1 Question
- Get free Zin AI - 50 Thousand Words per Month
Best
Unlimited
$4.99*
(Save $5 )
Billed Monthly
- No Ads
- Answers to Unlimited Questions
- Get free Zin AI - 3 Million Words per Month
*First month only
Free
$0
- Get this answer for free!
- Sign up now to unlock the answer instantly
You can see the logs in the Dashboard.