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The 2010 balance sheet of Maria^?s Tennis Shop, Inc., showed long-term debt of $6.0 million, and the 2011 balance sheet showed long-term debt of $6.20
The 2010 balance sheet of Maria^?s Tennis Shop, Inc., showed long-term debt of $6.0 million, and the 2011 balance sheet showed long-term debt of $6.20 million. The 2011 income statement showed an interest expense of $205,000. During 2011, Maria^?s Tennis Shop, Inc. realized the following: Cash flow to creditors $ 5,000 Cash flow to stockholders $ 60,000 Suppose you also know that the firm?s net capital spending for 2011 was $1,450,000, and that the firm reduced its net working capital investment by $85,000. 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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