Business, 24.09.2020 01:01 mine9226

The 2008 balance sheet of Maria's Tennis Shop, Inc., showed $2.65 million in long-term debt, $700,000 in the common stock account, and $6.3 million in the additional paid-in surplus account. The 2009 balance sheet showed $3.75 million, $965,000, and $8.35 million in the same three accounts, respectively. The 2009 income statement showed an interest expense of $210,000. The company paid out $510,000 in cash dividends during 2009. If the firm's net capital spending for 2009 was $800,000, and the firm reduced its net working capital investment by $195,000, the firm's 2009 operating cash flow, or OCF? a. $ -1,740,000
b. $ -2,355,000
c. $ -4,310,000
d. $ 2,605,000
e. $ -3,080,000
f. none of above

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The 2008 balance sheet of Maria's Tennis Shop, Inc., showed $2.65 million in long-term debt, $700,00...

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