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The 2009 balance sheet of Maria's Tennis Shop, Inc., showed long-term debt of $2.4 million, and the 2010 balance sheet showed long-term debt of $2.5 million. The 2010 income statement showed an interest expense of $195,000.

The 2009 balance sheet of Maria's Tennis Shop, Inc., showed $730,000 in the common stock account and $6.2 million in the additional paid-in surplus account. The 2010 balance sheet showed $775,000 and $6.9 million in the same two accounts, respectively. The company paid out $400,000 in cash dividends during 2010.

Given the information above for Maria's Tennis Shop, Inc., suppose you also know that the firms net capital spending for 2010 was $810,000, and that the firm increased its net working capital investment by $25,000. What was the firm's 2010 operating cash flow, or OCF?

Basic Finance, Finance

  • Category:- Basic Finance
  • Reference No.:- M945016

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