The 2008 balance sheet of Maria\'s Tennis Shop,Inc., showed $2.6 million in long
ID: 2662542 • Letter: T
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The 2008 balance sheet of Maria's Tennis Shop,Inc., showed $2.6 million in long-term debt, $740,000 in the commonstock account, and $5.2 million in the additional paid-in surplusaccount. The 2009 balance sheet showed $2.9 million, $815,000, and$5.5 million in the same three accounts, respectively. The 2009income statement showed an interest expense of $170,000. Thecompany paid out $490,000 in cash dividends during 2009. If the firm's net capital spending for 2009was $940,000, and the firm reduced its net working capitalinvestment by $85,000, the firm's 2009 operating cash flow, or OCF,is $. The 2008 balance sheet of Maria's Tennis Shop,Inc., showed $2.6 million in long-term debt, $740,000 in the commonstock account, and $5.2 million in the additional paid-in surplusaccount. The 2009 balance sheet showed $2.9 million, $815,000, and$5.5 million in the same three accounts, respectively. The 2009income statement showed an interest expense of $170,000. Thecompany paid out $490,000 in cash dividends during 2009. If the firm's net capital spending for 2009was $940,000, and the firm reduced its net working capitalinvestment by $85,000, the firm's 2009 operating cash flow, or OCF,is $. The 2008 balance sheet of Maria's Tennis Shop,Inc., showed $2.6 million in long-term debt, $740,000 in the commonstock account, and $5.2 million in the additional paid-in surplusaccount. The 2009 balance sheet showed $2.9 million, $815,000, and$5.5 million in the same three accounts, respectively. The 2009income statement showed an interest expense of $170,000. Thecompany paid out $490,000 in cash dividends during 2009. If the firm's net capital spending for 2009was $940,000, and the firm reduced its net working capitalinvestment by $85,000, the firm's 2009 operating cash flow, or OCF,is $.Explanation / Answer
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