The 2013 balance sheet of marias tennis shop inc showed


The 2013 balance sheet of Maria's Tennis Shop, Inc., showed long-term debt of $2.7 million, and the 2014 balance sheet showed long-term debt of $2.9 million. The 2014 income statement showed an interest expense of $140,000. During 2014, Maria’s Tennis Shop, Inc., had a cash flow to creditors of -$60,000 and the cash flow to stockholders for the year was $70,000. Suppose you also know that the firm’s net capital spending for 2014 was $1,320,000, and that the firm reduced its net working capital investment by $59,000.

What was the firm’s 2014 operating cash flow, or OCF?

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Financial Management: The 2013 balance sheet of marias tennis shop inc showed
Reference No:- TGS01109327

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