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P2-13 Calculating Total Cash Flows (L04] 30 1 points The 2008 balance sheet of Maria's Tennis Shop, Inc., showed $2.5 million in long-term debt, $720,000
P2-13 Calculating Total Cash Flows (L04] 30 1 points The 2008 balance sheet of Maria's Tennis Shop, Inc., showed $2.5 million in long-term debt, $720,000 in the common stock account, and $5.9 million in the additional paid-in surplus account. The 2009 balance sheet showed $4.25 million, $925,000, and $7.95 million in the same three accounts, respectively. The 2009 income statement showed an interest expense of $320,000. The company paid out $510,000 in cash dividends during 2009. If the firm's net capital spending for 2009 was $830,000, and the firm reduced its net working capital investment by $155,000, the firm's 2009 operating cash flow, or OCF? eBook References Multiple Choice $-3,520,000 $-2,500,000 $3,485,000 $-3,175,000 $-4,870,000
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