Suppose you also know that the firms net capital spending


The 2014 balance sheet of Sugarpova's Tennis Shop, Inc., showed long term debt of $6.2 million, and the 2015 balance sheet showed long-term debt of $6.4 million. The 2015 income statement showed an interest expense of $215,000. During 2015, the company had a cash flow to creditors of $15,000 and the cash flow to stockholders for the year was $70,000. Suppose you also know that the firm's net capital spending for 2015 was $1,470,000, and that the firm reduced its net working capital investment capital investment by $89,000.

What was the firm's 2015 operating cash flow, or OCF?

Solution Preview :

Prepared by a verified Expert
Finance Basics: Suppose you also know that the firms net capital spending
Reference No:- TGS01115865

Now Priced at $20 (50% Discount)

Recommended (93%)

Rated (4.5/5)