Question
The 2014 balance sheet of Maria's Tennis Shop, Inc., showed long-term debt of $5.9 million, and the 2015 balance sheet showed long-term debt of $6
The 2014 balance sheet of Maria's Tennis Shop, Inc., showed long-term debt of $5.9 million, and the 2015 balance sheet showed long-term debt of $6 million. The 2015 income statement showed an interest expense of $40,517. During 2015, Marias Tennis Shop, Inc. realized the following: Cash flow to creditors $ 29,449 Cash flow to stockholders $ 78,739 Suppose you also know that the firms net capital spending for 2015 was $2.7 million, and that the firm reduced its net working capital investment by $74,474. What was the firms 2015 operating cash flow, or OCF?
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