Business, 14.06.2021 15:10 patience233

The 2008 balance sheet of Maria's Tennis Shop, Inc., showed $2.6 million in long-term debt, 770,000 in the common stock account, and $6.2 million in the additional paid-in surplus account. The 2009 balance sheet showed $3.35 million, $905,000, and $8.35 million in the same three accounts, respectively. The 2009 income statement showed an interest expense of $290,000. The company paid out $530,000 in cash dividends during 2009. If the firm's net capital spending for 2009 was $680,000, and the firm reduced its net working capital investment by $205,000, the firm's 2009 operating cash flow, or OCF? a. 1,740,000
b. 5-2,215,000
c. 3750,000
d. $2.625000
e. 2800,000

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The 2008 balance sheet of Maria's Tennis Shop, Inc., showed $2.6 million in long-term debt, 770,000...

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