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The 2020 balance sheet of Osakas Tennis Shop Inc. showed long-term debt of $5.7million, and the 2021 balance sheet showed long-term debt of $5.95 million.
The 2020 balance sheet of Osakas Tennis Shop Inc. showed long-term debt of $5.7million, and the 2021 balance sheet showed long-term debt of $5.95 million. The 2021 income statement showed an interest expense of $190,000. The 2020 balance sheet showed $560,000 in the common stock account and $5.6million in the additional paid-in surplus account. The 2021 balance sheet showed $600,000 and $6 million in the same two accounts, respectively. The company paid out $560,000 in cash dividends during 2021. Suppose you also know that the firms net capital spending for 2021 was $1,420,000 and that the firm reduced its net working capital investment by $79,000. What was the firm's 2021 operating cash flow or OCF
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