Question
The 2008 balance sheet of Maria's Tennis Shop, Inc., showed $2.55 million in long-term debt, $790,000 in the common stock account, and $6.05 million in
The 2008 balance sheet of Maria's Tennis Shop, Inc., showed $2.55 million in long-term debt, $790,000 in the common stock account, and $6.05 million in the additional paid-in surplus account. The 2009 balance sheet showed $3.8 million, $905,000, and $8.25 million in the same three accounts, respectively. The 2009 income statement showed an interest expense of $330,000. The company paid out $640,000 in cash dividends during 2009. If the firm's net capital spending for 2009 was $680,000, and the firm reduced its net working capital investment by $135,000, the firm's 2009 operating cash flow, or OCF? |
rev: 09_17_2012
$-2,595,000
$-4,420,000
$-2,050,000
$-3,330,000
$2,865,000
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