3. The long-term liabilities of the company in 2019 and 2020 were 1.6 million and 1.7 million, respectively. The interest expenses in 2020 were 150000. The shareholder's equity in 2019 was 3.2 million, the shareholder's equity in 2020 was 3.5 million, and the cash dividends paid in 2020 were 200000. The net capital expenditure in 2020 was 900000, and the net working capital decreased by 120000. What is the operating cash flow (OCF) for 2020.
3. The long-term liabilities of the company in 2019 and 2020 were 1.6 million and 1.7 million, respectively. The interest expenses in 2020 were 150000. The shareholder's equity in 2019 was 3.2 million, the shareholder's equity in 2020 was 3.5 million, and the cash dividends paid in 2020 were 200000. The net capital expenditure in 2020 was 900000, and the net working capital decreased by 120000. What is the operating cash flow (OCF) for 2020.
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
Related questions
Question
None
Transcribed Image Text:3. The long-term liabilities of the company in 2019 and 2020 were 1.6 million and 1.7 million, respectively. The interest expenses in 2020
were 150000. The shareholder's equity in 2019 was 3.2 million, the shareholder's equity in 2020 was 3.5 million, and the cash dividends paid
in 2020 were 200000. The net capital expenditure in 2020 was 900000, and the net working capital decreased by 120000. What is the
operating cash flow (OCF) for 2020.
Expert Solution
This question has been solved!
Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.
Step by step
Solved in 2 steps
Recommended textbooks for you
Accounting
Accounting
ISBN:
9781337272094
Author:
WARREN, Carl S., Reeve, James M., Duchac, Jonathan E.
Publisher:
Cengage Learning,
Accounting Information Systems
Accounting
ISBN:
9781337619202
Author:
Hall, James A.
Publisher:
Cengage Learning,
Accounting
Accounting
ISBN:
9781337272094
Author:
WARREN, Carl S., Reeve, James M., Duchac, Jonathan E.
Publisher:
Cengage Learning,
Accounting Information Systems
Accounting
ISBN:
9781337619202
Author:
Hall, James A.
Publisher:
Cengage Learning,
Horngren's Cost Accounting: A Managerial Emphasis…
Accounting
ISBN:
9780134475585
Author:
Srikant M. Datar, Madhav V. Rajan
Publisher:
PEARSON
Intermediate Accounting
Accounting
ISBN:
9781259722660
Author:
J. David Spiceland, Mark W. Nelson, Wayne M Thomas
Publisher:
McGraw-Hill Education
Financial and Managerial Accounting
Accounting
ISBN:
9781259726705
Author:
John J Wild, Ken W. Shaw, Barbara Chiappetta Fundamental Accounting Principles
Publisher:
McGraw-Hill Education