The December 31, 2021, balance sheet of Chen, Incorporated, showed long-term debt of $1,390,000, $138,000 in the common stock account, and $2,630,000 in the additional paid-in surplus account. The December 31, 2022, balance sheet showed long-term debt of $1,560,000, $148,000 in the common stock account and $2,930,000 in the additional paid-in surplus account. The 2022 income statement showed an interest expense of $93,000 and the company paid out $143,000 in cash dividends during 2022. The firm's net capital spending for 2022 was $940,000, and the firm reduced its net working capital investment by $123,000. What was the firm's 2022 operating cash flow, or OCF? Note: A negative answer should be indicated by a minus sign. Do not round intermediate calculations and round your answer to the nearest whole number, e.g., 32. Operating cash flow
The December 31, 2021, balance sheet of Chen, Incorporated, showed long-term debt of $1,390,000, $138,000 in the common stock account, and $2,630,000 in the additional paid-in surplus account. The December 31, 2022, balance sheet showed long-term debt of $1,560,000, $148,000 in the common stock account and $2,930,000 in the additional paid-in surplus account. The 2022 income statement showed an interest expense of $93,000 and the company paid out $143,000 in cash dividends during 2022. The firm's net capital spending for 2022 was $940,000, and the firm reduced its net working capital investment by $123,000. What was the firm's 2022 operating cash flow, or OCF? Note: A negative answer should be indicated by a minus sign. Do not round intermediate calculations and round your answer to the nearest whole number, e.g., 32. Operating cash flow
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
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Transcribed Image Text:The December 31, 2021, balance sheet of Chen, Incorporated, showed long-term debt of $1,390,000, $138,000 in the common stock
account, and $2,630,000 in the additional paid-in surplus account. The December 31, 2022, balance sheet showed long-term debt of
$1,560,000, $148,000 in the common stock account and $2,930,000 in the additional paid-in surplus account. The 2022 income
statement showed an interest expense of $93,000 and the company paid out $143,000 in cash dividends during 2022. The firm's net
capital spending for 2022 was $940,000, and the firm reduced its net working capital investment by $123,000. What was the firm's
2022 operating cash flow, or OCF?
Note: A negative answer should be indicated by a minus sign. Do not round intermediate calculations and round your answer to the
nearest whole number, e.g., 32.
Operating cash flow
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