The 2008 balance sheet of marias tennis shop inc showed 28, Ask an Expert

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The 2008 balance sheet of Maria's Tennis Shop, Inc., showed $2.8 million in long-term debt, $760,000 in the common stock account, and $6.1 million in the additional paid-in surplus account. The 2009 balance sheet showed $3.85 million, $905,000, and $8.2 million in the same three accounts, respectively. The 2009 income statement showed an interest expense of $240,000. The company paid out $660,000 in cash dividends during 2009. If the firm's net capital spending for 2009 was $710,000, and the firm reduced its net working capital investment by $195,000, the firm's 2009 operating cash flow, or OCF?

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Financial Management, Finance

Category:- Financial Management
Reference No.:- M92437157

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