The 2017 balance sheet of Kerber's Tennis Shop, Inc., showed long-term debt of $6.3 million, and the 2018 balance sheet showed long-term debt of $6.5 million. The 2018 income statement showed an interest expense of $220,000. During 2018, the company had a cash flow to creditors of $20,000 and the cash flow to stockholders for the year was $75,000. Suppose you also know that the firm's net capital spending for 2018 was $1,480,000, and that the firm reduced its net working capital investment by $91,000. What was the firm's 2018 operating cash flow, or OCF? (Enter your answer in dollars, not millions of dollars
Answers (1)
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “The 2017 balance sheet of Kerber's Tennis Shop, Inc., showed long-term debt of $6.3 million, and the 2018 balance sheet showed long-term ...” in 📗 Business if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Search for Other Answers
You Might be Interested in
It is a fact that the federal government (1) encouraged the development of the savings and loan industry, (2) virtually forced the industry to make long-term fixed-interest-rate mortgages, and (3) forced the savings and loans to obtain most of their
Answers (1)
What are the two most common adjustments made during a month with a universal life insurance policy?
Answers (1)
If an investor purchases a 3%, 5-year TIPS at its par value of $1,000 and the CPI increase 3% over each of the next 5 years, what will be the real value of the principal at maturity
Answers (1)
Bonner Corp.'s sales last year were $415,000, and its year-end total assets were $355,000. The average firm in the industry has a total assets turnover ratio (TATO) of 2.4.
Answers (1)
The next wave of marketable innovations may involve new ways to produce and conserve energy. If we can turn new technology into marketable products and services that produce energy to run our businesses and homes, the U. S.
Answers (1)
New Questions in Business
te Computer Solutions provides services to corporate and individual customers. During the month of June, the corporate business segment provided services to 300 customers and earned $ 70 comma 000 in revenue.
Answers (1)
In which of the following situations is the taxpayer not required to file a 2019 income tax return? a. When the taxpayer is a 69-year-old widow (spouse died 3 years ago) with wages of $16,500 and no dependents. b.
Answers (1)
Skysong Company purchased an electric wax melter on April 30, 2020, by trading in its old gas model and paying the balance in cash. The following data relate to the purchase.
Answers (1)
Which of the following perspectives is least useful for evaluating solutions?
Answers (2)
Oh no! someone stole your credit card and charged $2,500 worth of purchases before you even knew the card was missing. how much of the unauthorized charges can you be required to pay?
Answers (1)