Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. finance
  3. the 2020 balance sheet of osaka's tennis shop, inc

The 2020 balance sheet of Osaka's Tennis Shop, Incorporated, showed long-term debt of $3.1 million,...

90.2K

Verified Solution

Question

Finance

image
The 2020 balance sheet of Osaka's Tennis Shop, Incorporated, showed long-term debt of $3.1 million, and the 2021 balance sheet showed long-term debt of $3.2 million. The 2021 income statement showed an interest expense of $150,000. During 2021, the company had a cash flow to creditors of $50,000 and the cash flow to stockholders for the year was $90,000. Suppose you also know that the firm's net capital spending for 2021 was $1.34 million and that the firm reduced its net working capital investment by $63,000. What was the firm's 2021 operating cash flow, or OCF? (Enter your answer in dollars, not millions of dollars, e.g., 1,234,567.) Operating cash flow

Answer & Explanation Solved by verified expert
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!
Become a Member

Other questions asked by students

Medical Sciences
1.2K views

Match each of the following descriptions with the correct cranial nerve. Each question will only have...

Biology
1.2K views

Which 3 terms correctly describe the kind of bacteria most likely to form pink colonies in...

Accounting
1.2K views

Tony and Suzie have purchased land for a new camp. Now they need money to build...

Biology
1.2K views

Life Cycle Resulting structure from meiosis Occurrence of mitosis Plants Anl

Biology
1.2K views

The nucleolus is the site of O protein synthesis O uncoiling and unraveling of chromosomes...

Physics
1.2K views

Three very large metal plates are given charges as shown in the figure If cross...

Physics
1.2K views

If a motor lifts a 400.-kilogram mass a vertical distance of 10. meters in 12.3...

Basic Math
1.2K views

Determine the values of r for which v = 1 is in the span of...

Basic Math
1.2K views

Suppose a city with population 600,000 has been growing at a rate of 6% per...

Accounting
1.2K views

2 Problem 10-46 (LO 10-2) (Algo) [The following information applles to...

Accounting
1.2K views

Wittco Company reports pretax GAAP income in Year 1 , its first year of operations,...

Accounting
1.2K views

Marco Comporty shows the following costs for three jobs worked on in April. \table[[,306306,106987,Job...