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thank you! The 2017 balance sheet of Kerber's Tennis Shop, Incorporated, showed $2.9 million in long-term debt, $770,000 in the common stock account, and $6.35
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The 2017 balance sheet of Kerber's Tennis Shop, Incorporated, showed $2.9 million in long-term debt, $770,000 in the common stock account, and $6.35 million in the additional paid-in surplus account. The 2018 balance sheet showed $4.1 million, $905,000, and $7.95 million in the same three accounts, respectively. The 2018 income statement showed an interest expense of $180,000. The company paid out $630,000 in cash dividends during 2018. If the firm's net capital spending for 2018 was $750,000, and the firm reduced its net working capital investment by $125,000, what was the firm's 2018 operating cash flow, or OCF? $2,375,000 54,010,000 3.2760.000 5.2,125.000 51,500,000 Step by Step Solution
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