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Business, 15.04.2020 02:59 franksjamia

The 2017 balance sheet of Kerber’s Tennis Shop, Inc., showed $2.25 million in long-term debt, $770,000 in the common stock account, and $6.45 million in the additional paid-in surplus account. The 2018 balance sheet showed $3.45 million, $975,000, and $7.95 million in the same three accounts, respectively. The 2018 income statement showed an interest expense of $300,000. The company paid out $620,000 in cash dividends during 2018. If the firm's net capital spending for 2018 was $750,000, and the firm reduced its net working capital investment by $135,000, what was the firm's 2018 operating cash flow, or OCF?

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The 2017 balance sheet of Kerber’s Tennis Shop, Inc., showed $2.25 million in long-term debt, $770,0...
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