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The 2013 balance sheet of Maria's Tennis Shop, Inc., showed long-term debt of $1.9 million, and...

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Finance

The 2013 balance sheet of Maria's Tennis Shop, Inc., showedlong-term debt of $1.9 million, and the 2014 balance sheet showedlong-term debt of $2.6 million. The 2014 income statement showed aninterest expense of $655,000. During 2014, Maria’s Tennis Shop,Inc., had a cash flow to stockholders for the year of $321,000.Suppose you also know that the firm’s net capital spending for 2014was $855,000, and that the firm reduced its net working capitalinvestment by $76,000 What was the firm’s 2014 operating cash flow,or OCF?

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