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The 2010 balance sheet of Maria's Tennis Shop, Inc., showed long-term debt of $3.1 million, and the 2011 balance sheet showed long-term debt of $3.20

The 2010 balance sheet of Maria's Tennis Shop, Inc., showed long-term debt of $3.1 million, and the 2011 balance sheet showed long-term debt of $3.20 million. The 2011 income statement showed an interest expense of $150,000. During 2011, Marias Tennis Shop, Inc. realized the following:

Cash flow to creditors $ 50,000
Cash flow to stockholders $

90,000

Suppose you also know that the firms net capital spending for 2011 was $1,340,000, and that the firm reduced its net working capital investment by $63,000.

What was the firms 2011 operating cash flow, or OCF? (Enter your answer in dollars, not millions of dollars, i.e. 1,234,567.) image text in transcribed

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