The 2013 balance sheet of Maria's Tennis Shop, Inc., showed long-term debt of $1.8 million,...
90.2K
Verified Solution
Link Copied!
Question
Finance
The 2013 balance sheet of Maria's Tennis Shop, Inc., showed long-term debt of $1.8 million, and the 2014 balance sheet showed long-term debt of $2.4 million. The 2014 income statement showed an interest expense of $670,000. During 2014, Marias Tennis Shop, Inc., had a cash flow to stockholders for the year of $334,000. Suppose you also know that the firms net capital spending for 2014 was $819,000, and that the firm reduced its net working capital investment by $88,000
What was the firms 2014 operating cash flow, or OCF? (Round final answer to the nearest whole dollar. Do not round intermediate calculations).
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
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.