question archive Problem 2-10 Calculating Total Cash Flows The 2013 balance sheet of Maria's Tennis Shop, Inc

Problem 2-10 Calculating Total Cash Flows The 2013 balance sheet of Maria's Tennis Shop, Inc

Subject:FinancePrice:2.86 Bought9

Problem 2-10 Calculating Total Cash Flows The 2013 balance sheet of Maria's Tennis Shop, Inc., showed long-term debt of $3.3 million, and the 2014 balance sheet showed long-term debt of $3.4 million. The 2014 income statement showed an interest expense of $155,000. During 2014, Maria's Tennis Shop, Inc., had a cash flow to creditors of $55,000 and the cash flow to stockholders for the year was $60,000. Suppose you also know that the firm's net capital spending for 2014 was $1,350,000, and that the firm reduced its net working capital investment by $65,000. What was the firm's 2014 operating cash flow, or OCF? (Do not round intermediate calculations. Enter your answer in dollars, not millions of dollars, i.e. 1,234,567.) Operating cash $ flow $

pur-new-sol

Purchase A New Answer

Custom new solution created by our subject matter experts

GET A QUOTE