The 2014 balance sheet of jordanrsquos golf shop inc showed, Ask an Expert

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The 2014 balance sheet of Jordan’s Golf Shop, Inc., showed long-term debt of $3.1 million, and the 2015 balance sheet showed long-term debt of $3.35 million. The 2015 income statement showed an interest expense of $150,000. The 2014 balance sheet showed $480,000 in the common stock account and $5.4 million in the additional paid-in surplus account. The 2015 balance sheet showed $520,000 and $5.7 million in the same two accounts, respectively. The company paid out $520,000 in cash dividends during 2015. Suppose you also know that the firm’s net capital spending for 2015 was $1,340,000, and that the firm reduced its net working capital investment by $63,000.

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

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Financial Management, Finance

Category:- Financial Management
Reference No.:- M92838519

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