Balance sheet showed long-term debt

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The 2014 balance sheet of Sugarpova's Tennis Shop, Inc., showed long-term debt of $2.9 million, and the 2015 balance sheet showed long-term debt of $3.1 million. The 2015 income statement showed an interest expense of $145,000. During 2015, 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 2015 was $1,330,000, and that the firm reduced its net working capital investment by $61,000. What was the firm’s 2015 operating cash flow, or OCF?

Reference no: EM131190644

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Balance sheet showed long-term debt : The 2014 balance sheet of Sugarpova's Tennis Shop, Inc., showed long-term debt of $2.9 million, and the 2015 balance sheet showed long-term debt of $3.1 million. The 2015 income statement showed an interest expense of $145,000. During 2015, the compa..

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