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please help! I've tried like 5 different formulas and can't seem to get this! The 2020 balance sheet of Osaka's Tennis Shop, Incorporated, showed long-term
please help! I've tried like 5 different formulas and can't seem to get this!
The 2020 balance sheet of Osaka's Tennis Shop, Incorporated, showed long-term debt of $3.5 million, and the 2021 balance sheet showed long-term debt of $3.5 million. The 2021 income statement showed an interest expense of $160,000. During 2021 , the company had a cash flow to creditors of $160,000 and the cash flow to stockholders for the year was $65,000. Suppose you also know that the firm's net capital spending for 2021 was $1.36 million and that the firm reduced its net working capital investment by $67,000. What was the firm's 2021 operating cash flow, or OCF? (Enter your answer in dollars, not millions of dollars, e.g., 1,234,567.)Step by Step Solution
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