The 2014 balance sheet of sugarpovas tennis shop inc showed


The 2014 balance sheet of Sugarpova's Tennis Shop, Inc., showed long-term debt of $5.5 million, and the 2015 balance sheet showed long-term debt of $5.7 million. The 2015 income statement showed an interest expense of $180,000. During 2015, the company had a cash flow to creditors of -$20,000 and the cash flow to stockholders for the year was $60,000. Suppose you also know that the firm’s net capital spending for 2015 was $1,400,000, and that the firm reduced its net working capital investment by $75,000. What was the firm’s 2015 operating cash flow, or OCF?

Request for Solution File

Ask an Expert for Answer!!
Financial Management: The 2014 balance sheet of sugarpovas tennis shop inc showed
Reference No:- TGS01359312

Expected delivery within 24 Hours