Question
The 2020 balance sheet of Osakas Tennis Shop, Incorporated, showed long-term debt of $6.4 million, and the 2021 balance sheet showed long-term debt of $6.65
The 2020 balance sheet of Osakas Tennis Shop, Incorporated, showed long-term debt of $6.4 million, and the 2021 balance sheet showed long-term debt of $6.65 million. The 2021 income statement showed an interest expense of $225,000. The 2020 balance sheet showed $630,000 in the common stock account and $4.9 million in the additional paid-in surplus account. The 2021 balance sheet showed $670,000 and $5.4 million in the same two accounts, respectively. The company paid out $620,000 in cash dividends during 2021. Suppose you also know that the firms net capital spending for 2021 was $1,490,000, and that the firm reduced its net working capital investment by $93,000. |
What was the firms 2021 operating cash flow, or OCF? |
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