Quick answer of this accounting questions The 2018 balance sheet of Wilson's Sports Equipment, Inc., showed long-term debt of $4.2 million, and the 2019 balance sheet showed long-termdebt of $4.5 million. The 2019 income statement showed an interestexpense of $150,000. During 2019, the company had a cash flow tocreditors of -$30,000, and the cash flow to stockholders for the year was$80,000. If the firm's net capital spending for 2019 was $900,000 and thefirm increased its net working capital investment by $50,000, what wasthe firm's 2019 operating cash flow?

Step 1: Definition of Operating Cash Flow (OCF)Operating Cash Flow (OCF) represents the cash…

Answered: The 2018 balance sheet of Wilson's…

Fundamentals Of Financial Management, Concise Edition (mindtap Course List)

10th Edition

ISBN:9781337902571

Author:Eugene F. Brigham, Joel F. Houston

Publisher:Eugene F. Brigham, Joel F. Houston

Chapter3: Financial Statements, Cash Flow, And Taxes

Section: Chapter Questions

Problem 19SP

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