The 2018 balance sheet of Speith's Golf Shop, Inc., showed long-term debt of $6.2 million, and the 2019 balance sheet showed long-term debt of $6.45 million. The 2019 income statement showed an interest expense of $215,000. The 2018 balance sheet showed $610,000 in the common stock account and $2.5 million in the additional paid-in surplus account. The 2019 balance sheet showed $650,000 and $3 million in the same two accounts, respectively. The company paid out $610,000 in cash dividends during 2019. Suppose you also know that the firm's net capital spending for 2019 was $1,470,000, and that the firm reduced its net working capital investment by $89,000. What was the firm's 2019 operating cash flow, or OCF? (Do not round intermediate calculations. Enter your answer in dollars, not millions of dollars, e.g., 1,234,567.)

The 2018 balance sheet of Speith's Golf Shop, Inc., showed long-term debt of $6.2 million, and the 2019 balance sheet showed long-term debt of $6.45 million. The 2019 income statement showed an interest expense of $215,000. The 2018 balance sheet showed $610,000 in the common stock account and $2.5 million in the additional paid-in surplus account. The 2019 balance sheet showed $650,000 and $3 million in the same two accounts, respectively. The company paid out $610,000 in cash dividends during 2019. Suppose you also know that the firm's net capital spending for 2019 was $1,470,000, and that the firm reduced its net working capital investment by $89,000. What was the firm's 2019 operating cash flow, or OCF? (Do not round intermediate calculations. Enter your answer in dollars, not millions of dollars, e.g., 1,234,567.)

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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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?
On its 2020 Balance Sheet, Liddle Inc. reported Currents Assets of $215,000, Net Fixed Assets of $1,300,000, Long-Term Debt of $780,000, and Total Equity of $600,000. On the 2021 Balance Sheet, Net Fixed Assets are $1,150,000 and Net Working Capital is $240,000. On the 2021 Income statement, the firm reported Sales of $2,550,000, Earnings Before Interest and Taxes of $1,435,000 and Depreciation of $225,000. In 2021, the firms Cash Flow from Assets was $1,209,250. What were the firm’s Taxes in 2021? Present the answer rounded to the nearest dollar
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Your answer is partially correct. Presented below are a number of balance sheet items for Pearl, Inc. for the current year, 2025. Goodwill Payroll taxes payable Bonds payable Discount on bonds payable Cash Land Notes receivable Notes payable (to banks) Accounts payable Retained earnings Income taxes receivable Notes payable (long-term) $ 128,520 Accumulated depreciation-equipment 181,111 Inventory Rent payable (short-term) Income taxes payable Rent payable (long-term) Common stock, $1 par value Preferred stock, $10 par value Prepaid expenses Equipment 303.520 15,180 363,520 483,520 449,220 268,520 493,520 ? Debt investments (trading) Accumulated depreciation-buildings 101,150 1,603,520 Buildings $ 292,180 243,320 48.520 101,882 483,520 203,520 153,520 91,440 1,473,520 124.520 270,380 1.643.520 Current Llabilitles Accounts Payable Notes Payable Rent Payable Payroll Taxes Payable Income Taxes Payable Total Current Llabilitles Long-term Llabilitles Discount on Bonds Payable Bonds Payable…
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The 2020 balance sheet of Osaka's Tennis Shop, Incorporated, showed long-term debt of $5.9 million, and the 2021 balance sheet showed long-term debt of $6.15 million. The 2021 income statement showed an interest expense of $200,000. The 2020 balance sheet showed $580,000 in the common stock account and $3.5 million in the additional paid-in surplus account. The 2021 balance sheet showed $620,000 and $3.9 million in the same two accounts, respectively. The company paid out $570,000 in cash dividends during 2021. Suppose you also know that the firm's net capital spending for 2021 was $1,440,000 and that the firm reduced its net working capital investment by $83,000. what was the firm's 2021 operating cash flow, or OCF?
The 2020 balance sheet of Osaka’s Tennis Shop, Incorporated, showed long-term debt of $2.25 million, and the 2021 balance sheet showed long-term debt of $2.66 million. The 2021 income statement showed an interest expense of $305,000. During 2021, Osaka’s Tennis Shop, Incorporated, realized the following: Cash flow to creditors –$ 105,000 Cash flow to stockholders $ 209,000 Suppose you also know that the firm’s net capital spending for 2021 was $1.5 million and that the firm reduced its net working capital investment by $55,000. What was the firm’s 2021 operating cash flow, or OCF?

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