A B The 2017 balance sheet of Kerber's Tennis Shop, Inc., showed $2.55 million in long-term debt, $770,000 in the common stock account, and $6.15 million in the additional paid-in surplus account. The 2018 balance sheet showed $4.2 million. $925,000 and $8.65 million in the same three accounts, respectively. The 2018 Income statement showed an interest expense of $280,000. The company paid out $530,000 in cash dividends during 2018. If the firm's net capital spending for 2018 was $800,000, and the firm reduced its net working capital investment by $185,000, what was the firm's 2018 operating cash flow, or OCF? Klingon Widgets, Inc., purchased new cloaking machinery three years ago for $7.3 million. The machinery can be sold to the Romulans today for $4.4 million. Klingon's current balance sheet shows net fixed assets of $3.65 million, current liabilities of $1.8 million, and networking capital of $540,000. If all the current assets and current liabilties were liquidated today, the company would receive $1.8 million cash. a. What is the book value of Klingon's total assets today? Multiple Choice $3,865,000 O $-3,495,000 b. What is the sum of the market value of NWC and market value of fixed assets? O $-2.880,000 o $-3,940,000 $-5,170,000 The 2017 balance sheet of Dream, Inc., showed current assets of $1,560 and current liabilities of $980. The 2018 balance sheet showed current assets of $1,720 and current liabilities of $1,080. What was the company's 2018 change in net working capital, or NWC? Logano Driving School's 2017 balance sheet showed net fixed assets of $3.7 million, and the 2018 balance sheet showed net fixed assets of $7 million. The company's 2018 Income statement showed a depreciation expense of $845,000. What was net capital spending for 2018? Multiple Choice Multiple Choice D $-3,300,000 $2,120 $-2,455,000 $60 $ $3,300,000 $-170 $4,145,000 $260 $2.455.000 $-260