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