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The 2017 balance sheet of Kerbers Tennis Shop, Inc., showed long-term debt of $1.87 million, and the 2018 balance sheet showed long-term debt of $2.21
The 2017 balance sheet of Kerbers Tennis Shop, Inc., showed long-term debt of $1.87 million, and the 2018 balance sheet showed long-term debt of $2.21 million. The 2018 income statement showed an interest expense of $255,000. During 2018, Kerber's Tennis Shop, Inc., realized the following: |
Cash flow to creditors | $ | 85,000 |
Cash flow to stockholders | $ | 170,000 |
Suppose you also know that the firms net capital spending for 2018 was $1,250,000, and that the firm reduced its net working capital investment by $45,000. |
What was the firms 2018 operating cash flow, or OCF? (Enter your answer in dollars, not millions of dollars, e.g., 1,234,567.) |
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