Question
During 2020, Dyrdeks Skate Shop, Inc., had a cash flow to creditors of $60,000 and the cash flow to stockholders for the year was $70,000.
During 2020, Dyrdek’s Skate Shop, Inc., had a cash flow to creditors of –$60,000 and the cash flow to stockholders for the year was $70,000. Suppose you also know that the firm’s net capital spending for 2020 was $1,320,000, and that the firm reduced its net working capital investment by $59,000. What was the firm’s 2020 operating cash flow, or OCF? (Do not round intermediate calculations and enter your answer in dollars, not millions of dollars, e.g., 1,234,567.)
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Fundamentals Of Corporate Finance
Authors: Stephen A. Ross, Randolph Westerfield, Bradford D. Jordan
6th Edition
0072553073, 9780072553079
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