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The 2010 balance sheet of Maria's Tennis Shop, Inc., showed long-term debt of $3.3 million, and the 2011 balance sheet showed long-term debt of $3.40
The 2010 balance sheet of Maria's Tennis Shop, Inc., showed long-term debt of $3.3 million, and the 2011 balance sheet showed long-term debt of $3.40 million. The 2011 income statement showed an interest expense of $155,000. During 2011, Maria's Tennis Shop, Inc. realized the following: Suppose you also know that the firm's net capital spending for 2011 was $1, 350,000, and that the firm reduced its net working capital investment by $65,000. What was the firm's 2011 operating cash flow, or OCF? (Enter your answer in dollars, not millions of dollars, i.e. 1, 234, 567.) Operating cash flow $ ____
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