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The 2008 balance sheet of Maria's Tennis Shop, Inc., showed $2.15 million in long-term debt, $710,000 in the common stock account, and $6 million in
The 2008 balance sheet of Maria's Tennis Shop, Inc., showed $2.15 million in long-term debt, $710,000 in the common stock account, and $6 million in the additional paid-in surplus account. The 2009 balance sheet showed $3.45 million, $935,000, and $8.6 million in the same three accounts, respectively. The 2009 income statement showed an interest expense of $310,000. The company paid out $670,000 in cash dividends during 2009. If the firm's net capital spending for 2009 was $780,000, and the firm reduced its net working capital investment by $115,000, the firm's 2009 operating cash flow, or OCF? $-2, 480,000 $3, 375,000 $-3, 145,000 $-5, 150,000 $-3, 820,000
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