Question
The 2017 balance sheer of Kerbers Tennis shop, inc., showed long terms debt of $5.7 million, and the 2018 balance sheer shpwed long-term debt of
The 2017 balance sheer of Kerbers Tennis shop, inc., showed long terms debt of $5.7 million, and the 2018 balance sheer shpwed long-term debt of $5.9 milliom. The 2018 income statement showed an interest expense of $190,000. During 2018, the company had a cash floq to creditors of-$10,000 and the cash flow to stockholder for the year was $70,000. Suppose you alos know that the firms net captial spending for 2018 was $1,420,000, and the the firm reduced its net working captial investment by $79,000.
What was the firms 2018 operating cash flow or OCF?
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