The firm reduced its net working capital investment

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Reference no: EM131492191

The 2008 balance sheet of Maria's Tennis Shop, Inc., showed $3 million in long-term debt, $770,000 in the common stock account, and $6.15 million in the additional paid-in surplus account. The 2009 balance sheet showed $3.8 million, $965,000, and $8 million in the same three accounts, respectively. The 2009 income statement showed an interest expense of $280,000. The company paid out $560,000 in cash dividends during 2009. If the firm's net capital spending for 2009 was $680,000, and the firm reduced its net working capital investment by $185,000, the firm's 2009 operating cash flow, or OCF?

A $-2,005,000

B $-2,630,000

C $2,375,000

D $-1,510,000

E $-3,620,000

Reference no: EM131492191

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