The 2023 balance sheet of Swiatek’s Tennis Shop, Incorporated, showed long-term debt of $2.4 million, and the 2024 balance sheet showed long-term debt of $2.73 million. The 2024 income statement showed an interest expense of $265,000. During 2024, the firm realized the following: Cash flow to creditors −$ 65,000 Cash flow to stockholders $ 309,000 Suppose you also know that the firm’s net capital spending for 2024 was $1.5 million and that the firm reduced its net working capital investment by $55,000. What was the firm’s 2024 operating cash flow, or OCF?

The 2023 balance sheet of Swiatek’s Tennis Shop, Incorporated, showed long-term debt of $2.4 million, and the 2024 balance sheet showed long-term debt of $2.73 million. The 2024 income statement showed an interest expense of $265,000. During 2024, the firm realized the following: Cash flow to creditors −$ 65,000 Cash flow to stockholders $ 309,000 Suppose you also know that the firm’s net capital spending for 2024 was $1.5 million and that the firm reduced its net working capital investment by $55,000. What was the firm’s 2024 operating cash flow, or OCF?

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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Cash flow to creditors	−$ 65,000
Cash flow to stockholders	$ 309,000

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