What was the firm operating cash flow or ocf

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Reference no: EM131918537

The 2014 balance sheet of Sugarpova's Tennis Shop, Inc., showed long-term debt of $3.5 million, and the 2015 balance sheet showed long-term debt of $3.5 million. The 2015 income statement showed an interest expense of $160,000. During 2015, the company had a cash flow to creditors of $160,000 and the cash flow to stockholders for the year was $65,000. Suppose you also know that the firm’s net capital spending for 2015 was $1,360,000, and that the firm reduced its net working capital investment by $67,000.

What was the firm’s 2015 operating cash flow, or OCF? (Enter your answer in dollars, not millions of dollars, e.g., 1,234,567.)

Reference no: EM131918537

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