Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

The 2 0 1 9 statement of financial position of Roger s Tennis Shop Inc. showed long - term debt of $ 2 . 3

The 2019 statement of financial position of Rogers Tennis Shop Inc. showed long-term debt of $2.3 million, and the 2020 statement of financial position showed long-term debt of $2.55 million. The 2020 statement of comprehensive income showed an interest expense of $190,000. During 2020, Rogers Tennis Shop Inc. realized the following:
Cash flow to creditors $ -60,000
Cash flow to shareholders $ 415,000
Suppose you also know that the firms net capital spending for 2020 was $1,300,000, and that the firm reduced its net working capital investment by $55,000.
What was the firms 2020 operating cash flow, or OCF? (Omit $ sign in your response.)
Operating cash flow

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

ISE International Financial Management

Authors: Cheol Eun, Bruce Resnick, Tuugi Chuluun

9th International Edition

1260575314, 9781260575316

More Books

Students also viewed these Finance questions

Question

2. In what ways can the Web facilitate the use of these tools?

Answered: 1 week ago

Question

Complexity of linear search is O ( n ) . Your answer: True False

Answered: 1 week ago