The 2014 balance sheet of sugarpovas tennis shop inc showed


Question: The 2014 balance sheet of Sugarpova's Tennis Shop, Inc., showed long-term debt of $5.4 million, and the 2015 balance sheet showed long-term debt of $5.6 million. The 2015 income statement showed an interest expense of $175,000. During 2015, the company had a cash flow to creditors of -$25,000 and the cash flow to stockholders for the year was $80,000. Suppose you also know that the firm's net capital spending for 2015 was $1,390,000, and that the firm reduced its net working capital investment by $73,000.

What was the firm's 2015 operating cash flow, or OCF?

Request for Solution File

Ask an Expert for Answer!!
Finance Basics: The 2014 balance sheet of sugarpovas tennis shop inc showed
Reference No:- TGS02719643

Expected delivery within 24 Hours