The 2008 balance sheet of Maria's Tennis Shop, Inc., showed $2.2 million in long-term debt, $800,000 in the Equity and the Equity in the 2009 balance sheet was $4.1 million. The 2009 income statement showed an interest expense of $220,000. Further, the company paid out $650,000 in cash dividends during 2009. If the firm's net capital spending for 2009 was $850,000, and the firm reduced its net working capital investment by $115,000, the firm's 2009 operating cash flow, or OCF?
The 2008 balance sheet of Maria's Tennis Shop, Inc., showed $2.2 million in long-term debt, $800,000 in the Equity and the Equity in the 2009 balance sheet was $4.1 million. The 2009 income statement showed an interest expense of $220,000. Further, the company paid out $650,000 in cash dividends during 2009. If the firm's net capital spending for 2009 was $850,000, and the firm reduced its net working capital investment by $115,000, the firm's 2009 operating cash flow, or OCF?
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
Problem 1PS
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