Problemthe 2011 balance sheet of annas tennis shop inc, Ask an Expert

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The 2011 balance sheet of Anna's Tennis Shop, Inc., showed long-term debt of $2.9 million, and the 2012 balance sheet showed long-term debt of $3.15 million. The 2012 income statement showed an interest expense of $145,000. The 2011 balance sheet of Anna's Tennis Shop, Inc., showed $470,000 in the common stock account and $4.5 million in the additional paid-in surplus account. The 2012 balance sheet showed $510,000 and $4.8 million in the same two accounts, respectively. The company paid out $510,000 in cash dividends during 2012. Suppose you also know that the firm's net capital spending for 2012 was $1,330,000, and that the firm reduced its net working capital investment by $61,000.

Required:

Question: What was the firm's 2012 operating cash flow, or OCF?

Note: Please show basic calculation

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M91166857

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