Question
During 2020, Dyrdeks Skate Shop, Inc., had a cash flow to creditors of $20,000 and the cash flow to stockholders for the year was $75,000.
During 2020, Dyrdeks Skate Shop, Inc., had a cash flow to creditors of $20,000 and the cash flow to stockholders for the year was $75,000. Suppose you also know that the firms net capital spending for 2020 was $1,480,000, and that the firm reduced its net working capital investment by $91,000. What was the firms 2020 operating cash flow, or OCF?
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started
Sports Finance And Management Real Estate Media And The New Business Of Sport
Authors: Jason A. Winfree, Mark S. Rosentraub, Brian M Mills, Mackenzie Zondlak
2nd Edition
1138341819, 9781138341814
