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The 2010 balance sheet of Maria's Tennis Shop, Inc., showed long-term debt of $5.6 million, and the 2011 balance sheet showed long-term debt of $5.80
The 2010 balance sheet of Maria's Tennis Shop, Inc., showed long-term debt of $5.6 million, and the 2011 balance sheet showed long-term debt of $5.80 million. The 2011 income statement showed an interest expense of $185,000. During 2011, Marias Tennis Shop, Inc. realized the following: |
Cash flow to creditors | $ | -15,000 |
Cash flow to stockholders | $ | 65,000 |
Suppose you also know that the firms net capital spending for 2011 was $1,410,000, and that the firm reduced its net working capital investment by $77,000. |
What was the firms 2011 operating cash flow, or OCF? (Enter your answer in dollars, not millions of dollars, i.e. 1,234,567.) |
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