Hello tutor please provide correct answer general accounting The 2014 balance sheet of Sugarpova's Tennis Shop, Inc.,showed long-term debt of $6.3 million, and the 2015 balancesheet showed long-term debt of $6.5 million. The 2015 incomestatement showed an interest expense of $220,000. During2015, the company had a cash flow to creditors of $20,000 andthe cash flow to stockholders for the year was $75,000. Supposeyou I also know that the firm's net capital spending for 2015 was$1,480,000 and that the firm reduced its net working capitalinvestment by $91,000.What was the firm's 2015 operating cash flow, or OCF?

Step 1: Calculate Operating Cash FlowOperating cash flow is the amount of cash generated by the…

Answered: The 2014 balance sheet of Sugarpova's…

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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The 2017 balance sheet of Kerber’s Tennis Shop, Incorporated, showed $2.4 million in long-term debt, $720,000 in the common stock account, and $6.05 million in the additional paid-in surplus account. The 2018 balance sheet showed $4.1 million, $895,000, and $8.3 million in the same three accounts, respectively. The 2018 income statement showed an interest expense of $190,000. The company paid out $600,000 in cash dividends during 2018. If the firm's net capital spending for 2018 was $860,000, and the firm reduced its net working capital investment by $115,000, what was the firm's 2018 operating cash flow, or OCF?
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The 2017 balance sheet of Kerber's Tennis Shop, Inc., showed long-term debt of $5.1 million, and the 2018 balance sheet showed long-term debt of $5.0 million. The 2018 income statement showed an interest expense of $165,000. During 2018, the company had a cash flow to stockholders for the year was $70,000. Suppose you also know that the firm’s net capital spending for 2018 was $1,370,000, and that the firm reduced its net working capital investment by $69,000. What was the firm’s 2018 operating cash flow, or OCF? (Enter your answer in dollars, not millions of dollars, e.g., 1,234,567.)
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The 2017 balance sheet of Kerber's Tennis Shop, Inc., showed long-term debt of $5.8 million, and the 2018 balance sheet showed long-term debt of $6 million. The 2018 income statement showed an interest expense of $195,000. During 2018, the company had a cash flow to creditors of -$5,000 and the cash flow to stockholders for the year was $75,000. Suppose you also know that the firm's net capital spending for 2018 was $1,430,000, and that the firm reduced its net working capital investment by $81,000. What was the firm's 2018 operating cash flow, or OCF? (Enter your answer in dollars, not millions of dollars, e.g., 1,234,567.) Operating cash flow

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