The 2014 balance sheet of Maria's Tennis Shop, Inc., showed long-term debt of $6.2 million,...
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The 2014 balance sheet of Maria's Tennis Shop, Inc., showed long-term debt of $6.2 million, and the 2015 balance sheet showed long-term debt of $5.6 million. The 2015 income statement showed an interest expense of $38,130. During 2015, Marias Tennis Shop, Inc. realized the following:
Cash flow to creditors $ 14,840
Cash flow to stockholders $ 71,550
Suppose you also know that the firms net capital spending for 2015 was $2.6 million, and that the firm reduced its net working capital investment by $84,432. What was the firms 2015 operating cash flow, or OCF?
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