The 2020 balance sheet of Osaka’s tennis shop, incorporated, showed long-term debt of $3.5 million, and the 2021 balance sheet showed long-term debt of $3.75 million. The 2021 income statement showed an interest expense of $160,000. The 2020 balance sheet showed $500,000 in the common stock account and $3.3 million in the additional paid-in surplus account. The 2021 balance sheet showed $540,000 and $3.5 million in the same two accounts, respectively. The company paid out $405,000 in cash dividends during 2021. Suppose you also know that the firm’s net capital spending for 2021 was $1,360,000, and that the firm reduced its net working capital investment by $67,000. Operating cash flow?
The 2020
Operating cash flow?
Trending now
This is a popular solution!
Step by step
Solved in 1 steps
