Question
The 2014 balance sheet of Tian Tian Table Tennis Shop, Inc., showed $3.2 million in long-term debt, $860,000 in the common stock account, and $5.8
The 2014 balance sheet of Tian Tian Table Tennis Shop, Inc., showed $3.2 million in long-term debt, $860,000 in the common stock account, and $5.8 million in the additional paid-in surplus account. The 2015 balance sheet showed $3.6 million, $935,000, and $6.1 million in the same three accounts, respectively. The 2015 income statement showed an interest expense of $190,000. The company paid out $520,000 in cash dividends during 2015. If the firm's net capital spending for 2015 was $850,000, and the firm reduced its net working capital investment by $75,000, the firm's 2015 operating cash flow, or OCF, is
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