Question
The 2017 statement of financial position of Rogers Tennis Shop Inc. showed long-term debt of $2.3 million, and the 2018 statement of financial position showed
The 2017 statement of financial position of Rogers Tennis Shop Inc. showed long-term debt of $2.3 million, and the 2018 statement of financial position showed long-term debt of $2.55 million. The 2018 statement of comprehensive income showed an interest expense of $190,000. During 2018, Rogers Tennis Shop Inc. realized the following: Cash flow to creditors $ -60,000 Cash flow to shareholders $ 415,000
Suppose you also know that the firms net capital spending for 2018 was $1,300,000, and that the firm reduced its net working capital investment by $55,000.
What was the firms 2018 operating cash flow, or OCF? (Omit $ sign in your response.)
Operating cash flow $
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