The 2020 balance sheet of Osaka's Tennis Shop, Incorporated, showed long-term debtof $2.25 million, and the 2021 balance sheet showed long-term debt of $2.66million. The 2021 income statement showed an interest expense of $305,000. During2021, Osaka's Tennis Shop, Incorporated, realized the following:Cash flow to creditorsCash flow to stockholders$105,000$ 209,000Suppose you also know that the firm's net capital spending for 2021 was $1.5 million andthat the firm reduced its net working capital investment by $55,000.What was the firm's 2021 operating cash flow, or OCF? (Enter your answer in dollars,not millions of dollars, e.g., 1,234,567.)Operating cash flow

OCF = Cash flow from asset + change in NWC + Net Capital spending. NWC = net working capital.

balance sheet of Osaka's Tennis Shop, Incorporated, showed long-term of $2.25 million, and the 2021 balance sheet showed long-term debt of S million. The 2021 income statement showed an interest expense of $305,000. D 2021, Osaka's Tennis Shop, Incorporated, realized the following: -$ 105,000 $ 209,000 Cash flow to creditors Cash flow to stockholders Suppose you also know that the firm's net capital spending for 2021 was $1.5 million that the firm reduced its net working capital investment by $55,000. What was the firm's 2021 operating cash flow, or OCF? (Enter your answer in dollars not millions of dollars, e.g., 1,234,567.) Operating cash flow

balance sheet of Osaka's Tennis Shop, Incorporated, showed long-term of $2.25 million, and the 2021 balance sheet showed long-term debt of S million. The 2021 income statement showed an interest expense of $305,000. D 2021, Osaka's Tennis Shop, Incorporated, realized the following: -$ 105,000 $ 209,000 Cash flow to creditors Cash flow to stockholders Suppose you also know that the firm's net capital spending for 2021 was $1.5 million that the firm reduced its net working capital investment by $55,000. What was the firm's 2021 operating cash flow, or OCF? (Enter your answer in dollars not millions of dollars, e.g., 1,234,567.) Operating cash flow

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Prepare Projected Balance Sheet
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