The 2008 balance sheet of Maria\'s Tennis Shop, Inc., showed $2.85 million in lo
ID: 3145683 • Letter: T
Question
The 2008 balance sheet of Maria's Tennis Shop, Inc., showed $2.85 million in long-term debt, $770,000 in the common stock account, and $6.3 million in the additional paid-in surplus account. The 2009 balance sheet showed $4.1 million, $895,000, and $8 million in the same three accounts, respectively. The 2009 income statement showed an interest expense of $210,000. The company paid out $550,000 in cash dividends during 2009. If the firm's net capital spending for 2009 was $660,000, and the firm reduced its net working capital investment by $115,000, the firm's 2009 operating cash flow, or OCF?
The 2008 balance sheet of Maria's Tennis Shop, Inc., showed $2.85 million in long-term debt, $770,000 in the common stock account, and $6.3 million in the additional paid-in surplus account. The 2009 balance sheet showed $4.1 million, $895,000, and $8 million in the same three accounts, respectively. The 2009 income statement showed an interest expense of $210,000. The company paid out $550,000 in cash dividends during 2009. If the firm's net capital spending for 2009 was $660,000, and the firm reduced its net working capital investment by $115,000, the firm's 2009 operating cash flow, or OCF?
Explanation / Answer
excel formulas
OCF = -1770000
for formulas ,visit
http://www.chegg.com/homework-help/questions-and-answers/2008-balance-sheet-maria-s-tennis-shop-inc-showed-295-million-long-term-debt-720-000-commo-q5630215
2850000 4100000 210000 cash flow to creditors =(H9-H10+H11) 770000 895000 6300000 8000000 550000 cash flow to stockholders =(H13-H14)+(H15-H16)+H17 cash flow from assets =I12+I18 115000 660000 operating cash flow =(I20-H21+H22)Related Questions
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