Question
The 2018 balance sheet of Dido Daffodil Depot, Inc., showed long-term debt of $2.9 million, and the 2019 balance sheet showed long-term debt of $3.1
The 2018 balance sheet of Dido Daffodil Depot, Inc., showed long-term debt of $2.9 million, and the 2019 balance sheet showed long-term debt of $3.1 million. The 2019 income statement showed an interest expense of $145,000. During 2019, 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 firm's net capital spending for 2019 was $1,330,000, and its change in net working capital was -$61,000. What was the firm's 2019 operating cash flow (OCF)?
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