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1. The 2008 balance sheet of Maria's Tennis Shop, Inc. showed $2.85 million in long-term debt and $7.04 million in common stock account (includes both
1. The 2008 balance sheet of Maria's Tennis Shop, Inc. showed $2.85 million in long-term debt and $7.04 million in common stock account (includes both common stock at par and the additional paid-in surplus account). The 2009 balance sheet showed $3.9 million and $9.385 million in the same two accounts, respectively. The 2009 income statement showed an interest expense of $270,000. The company paid out $650,000 in cash dividends during 2009. If the firm's net capital spending for 2009 was $760,000, and the firm reduced its net working capital investment by $155,000, the firm's 2009 operating cash flow, or OCF
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