Question
Hello, I did all my homework but for this question I am not sure about my answers. Please if answer, can I get it detailed.
Hello, I did all my homework but for this question I am not sure about my answers. Please if answer, can I get it detailed. Thanks
i will rate if good answer!
Question 4.
The 2020 balance sheet of Osaka's Tennis Shop.
Inc. showed long-term debt of $2.25 million, and the 2021 balance sheet showed long-term debt of $2.66 million. The 2021 income statement showed an interest expense of $305,000. What was the firm's cash flow to creditors during 2021?
The 2020 balance sheet of Osaka's Tennis Shop, Inc., showed $780,000 in the common stock account and $4.78 million in the additional paid-in surplus account. The 2021 balance sheet showed $965.000 and $5.04 million in the same two accounts, respectively. If the company paid out $654.000 in cash dividends during 2021, what was the cash flow to stockholders for the year?
Given the information for Osaka's TennisShop, Inc., in Problems above, suppose you also know that the firm's net capital spending for 2021 was $1.5 million and that the firm reduced its net working capital investment by $55,000. What was the firm's 2021 operating cash flow, or OCF?
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