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q12 The 2014 balance sheet of Maria's Tennis Shop, Inc., showed long-term debt of $6.7 million, and the 2015 balance sheet showed long-term debt of
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The 2014 balance sheet of Maria's Tennis Shop, Inc., showed long-term debt of $6.7 million, and the 2015 balance sheet showed long-term debt of $4.9 million. The 2015 income statement showed an interest expense of $80,879. During 2015, Maria's Tennis Shop, Inc. realized the following: Cash flow to creditors $ 17,592 Cash flow to stockholders $ 74,944 Suppose you also know that the firm's net capital spending for 2015 was $2.9 million, and that the firm reduced its net working capital investment by $86,263. What was the firm's 2015 operating cash flow, or OCF Step by Step Solution
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