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Saved my work mode: This shows what is correct or incorrect for the work you have completec Problem 2-11 Calculating Total Cash Flows [LO4]
Saved my work mode: This shows what is correct or incorrect for the work you have completec Problem 2-11 Calculating Total Cash Flows [LO4] The 2020 balance sheet of Osaka's Tennis Shop, Incorporated, showed long-term debt of $5.8 million, and the 2021 balance sheet showed long-term debt of $6 million. The 2021 income statement showed an interest expense of $195,000. During 2021, the company had a cash flow to creditors of -$5,000 and the cash flow to stockholders for the year was $75,000. Suppose you also know that the firm's net capital spending for 2021 was $1.43 million and that the firm reduced its net working capital investment by $81,000. 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.) Answer is complete but not entirely correct. Operating cash flow $ 1,414,000 < Prev 3 of 3 Next > MacBook
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