Question
The 2013 balance sheet of Maria's Tennis Shop, Inc., showed long-term debt of $5.4 million, and the 2014 balance sheet showed long-term debt of $5.6
The 2013 balance sheet of Maria's Tennis Shop, Inc., showed long-term debt of $5.4 million, and the 2014 balance sheet showed long-term debt of $5.6 million. The 2014 income statement showed an interest expense of $175,000. During 2014, Marias Tennis Shop, Inc., had a cash flow to creditors of -$25,000 and the cash flow to stockholders for the year was $80,000. Suppose you also know that the firms net capital spending for 2014 was $1,390,000, and that the firm reduced its net working capital investment by $73,000.
What was the firms 2014 operating cash flow, or OCF? (Do not round intermediate calculations. Enter your answer in dollars, not millions of dollars, i.e. 1,234,567.)
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