Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

The 2017 balance sheet showed long term debt of $5.9 million, and the 2018 balance sheet showed long term debt of $6.1 million. The 2018

The 2017 balance sheet showed long term debt of $5.9 million, and the 2018 balance sheet showed long term debt of $6.1 million. The 2018 income statement showed an interest expense of $200,000. During 2018, the company had a cash flow to creditors of $0 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 $1,440,000, and that the firm reduced its net working capital investment by $83,000.

What is the firms 2018 operating cash flow, or OCF?

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Handbook Of Anti Money Laundering

Authors: Dennis Cox

1st Edition

0470065745, 978-0470065747

More Books

Students also viewed these Finance questions