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 $6.2 million, and the 2014 balance sheet showed long-term debt of $6.4 million. The 2014 income statement showed an interest expense of $215,000. During 2014, Maria’s Tennis Shop, Inc., had a cash flow to creditors of $15,000 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 $1,470,000, and that the firm reduced its net working capital investment by $89,000.

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

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Financial Accounting: The 2013 balance sheet of marias tennis shop inc showed
Reference No:- TGS01603056

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