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The 2017 balance sheet of Kerber's Tennis Shop, Inc. showed long term debt of $5.8 million, and the 2018 balance sheet showed long term debt
The 2017 balance sheet of Kerber's Tennis Shop, Inc. showed long term debt of $5.8 million, and the 2018 balance sheet showed long term debt of $6.2 million. The 2018 income statement showed an interest expense of $205,000. During 2018, the company had a cash flow to creditors of $0 and the cash flow to stockholders for the year was $85,000. Suppose you also know that the firms net capital spending for 2018 was $1,445,000, ad that the firm reduced its net working capital investment by $85,000
What was the firms 2018 operating cash flow, or OCF?
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