Calculate operating cash flow accounting questions The 2023 balance sheet of Mountain Gear Sports, Inc., showedlong-term debt of $4.5 million, and the 2024 balance sheet showedlong-term debt of $4.8 million. The 2024 income statement showedan interest expense of $210,000. During 2024, the company had acash flow to creditors of $80,000 and the cash flow to stockholdersfor the year was $95,000. The firm's net capital spending for 2024was $1,750,000 and the firm increased its net working capitalinvestment by $45,000.What was the firm's 2024 operating cash flow (OCF)?

Step 1: Definition of Operating Cash Flow (OCF)Operating Cash Flow (OCF) is the cash generated from…

Answered: The 2023 balance sheet of Mountain Gear…

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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