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

Finance

Problem:

The 2011 balance sheet of Anna's Tennis Shop, Inc., showed long-term debt of $5.5 million, and the 2012 balance sheet showed long-term debt of $5.75 million. The 2012 income statement showed an interest expense of $180,000. The 2011 balance sheet of Anna's Tennis Shop, Inc., showed $540,000 in the common stock account and $3.4 million in the additional paid-in surplus account. The 2012 balance sheet showed $580,000 and $3.8 million in the same two accounts, respectively. The company paid out $550,000 in cash dividends during 2012. Suppose you also know that the firm's net capital spending for 2012 was $1,400,000, and that the firm reduced its net working capital investment by $75,000.

Required:

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

Note: Be sure to show how you arrived at your answer.

View complete question

Basic Finance, Finance

Category:- Basic Finance
Reference No.:- M91174488

Have any Question?Write your Review or question?

Related Questions in Basic Finance

A call option on a stock has an exercise price of 3450 if

A call option on a stock has an exercise price of? $34.50. If the stock price at expiration is? $37.50, what is the option payoff for a short call? position?

An investor would like to add the following bond to her

An investor would like to add the following bond to her portfolio. The bond would be held for 7 years and then sold. The investor has gathered the following information to analyze the bond: Company XYZ Currency: CAD Face ...

Bill inc common stock is expected to pay a 202 dividend at

Bill Inc. common stock is expected to pay a $2.02 dividend at the end of the year and is in a risk class that requires an 8.5% required return. If this dividend is expected to grow forever at a 3.2% rate, what is the est ...

Question - to put it into practice ii a call option on

Question - To put it into practice II A call option on Canadian dollars with a strike price of $.60 is purchased by a speculator for a premium of $.06 per unit. Assume each option calls for the delivery of 50,000 CAD. If ...

Question - assume that your father is now 40 years old that

Question - Assume that your father is now 40 years old, that he plans to retire in 20 years, and that he expects to live for 25 years after he retires, that is until he is 85. He wants a fixed retirement income that has ...

Consider the balance sheet in millions of for first

Consider the balance sheet (in millions of $) for First Integrated Bank: FY 2017 AMOUNT DURATION ASSETS $790 MILLION 7.5 YEARS LIABILITIES $650 MILLION 1.5 YEARS What is the FIB's duration gap? 4.9 years 5.4 years 6.0 ...

On january 11998 the total assets of the mccue company were

On January 1,1998, the total assets of the McCue company were $270 million. The first present capital structure, which follows, is considered optimal. Assume that they have no short-term debt. Long-term debt ...

You want to borrow 103000 from your local bank to buy a new

You want to borrow $103,000 from your local bank to buy a new sailboat. You can afford to make monthly payments of $2,350, but no more. Assuming monthly compounding, what is the highest rate you can afford on a 54-month ...

Need help figuring out how to solve for irr ive looked all

Need help figuring out how to solve for IRR. I've looked all over and seeing different ways to do it, however I'm not sure how to get the IRR %. I know that NPV is 0, but not sure how to calculate the rest. Suppose your ...

You are the project manager assigned to build and design a

You are the project manager assigned to build and design a parking garage. What might be an example of a lead you encounter when scheduling work activities?

4,153,160 Questions Asked
13,132 Experts
2,558,936 Questions Answered

Ask Experts for help!!

Looking for Assignment Help?

Start excelling in your Courses, Get help with Assignment

Write us your full requirement for evaluation and you will receive response within 20 minutes turnaround time.

Ask Now Help with Problems, Get a Best Answer

Recent Questions

Ask Basic Finance Expert