Question
The 2017 balance sheet of Kerber's Tennis Shop, Inc., showed long-term debt of $2.9 million, and the 2018 balance sheet showed long-term debt of $3.1
The 2017 balance sheet of Kerber's Tennis Shop, Inc., showed long-term debt of $2.9 million, and the 2018 balance sheet showed long-term debt of $3.1 million. The 2018 income statement showed an interest expense of $145,000. During 2018, the company had a cash flow to creditors of $55,000 and the cash flow to stockholders for the year was $80,000. Suppose you also know that the firms net capital spending for 2018 was $1,330,000, and that the firm reduced its net working capital investment by $61,000. |
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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