Can you please provide answer this financial accounting question? The 2013 balance sheet of Falcon Sporting Goods, Inc., showedlong-term debt of $6.2 million, and the 2014 balance sheet showedlong-term debt of $6.5 million. The 2014 income statement showedan interest expense of $220,000. During 2014, the company had acash flow to creditors of -$25,000, and the cash flow tostockholders for the year was $80,000. Suppose you also knowthat the firm's net capital spending for 2014 was $1,600,000, andthat the firm reduced its net working capital investment by$90,000.What was the firm's 2014 operating cash flow (OCF)?

Step 1: Define Operating Cash Flow (OCF)Operating Cash Flow (OCF) represents the cash generated from…

Answered: The 2013 balance sheet of Falcon…

Corporate Fin Focused Approach

5th Edition

ISBN:9781285660516

Author:EHRHARDT

Publisher:EHRHARDT

Chapter12: Corporate Valuation And Financial Planning

Section: Chapter Questions

Problem 9P

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Consider the following balance sheet for Go The Distance Trading Cards. Sales were $1,200,000 in the past year. Go The Distance Trading Cards Balance Sheet, 2013: Assets $ Current Assets $74,630.00 Net fixed Assets (Net PPE) $224,900.00 Total Assets $299,530.00 Liabilities and Shareholder Equity Current Liabilities $43,510.00 Long-term liabilities (Long term debt) $93,200.00 Total Liabilities $136,710.00 Shareholder equity $162,820.00 Total Liabilities and Shareholder Equity $299,530.00 What is the debt-to-asset ratio for this firm?
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