Given the information for Maria's Tennis Shop, Inc., in the previous two problems, suppose you also know that the firm's net capital spending for 2010 was $810,000, and that the firm reduced its net working capital investment by $85,000. What was the firm's 2010 operating cash flow, or OCF?
Answer to relevant QuestionsRitter Corporation's accountants prepared the following financial statements for year-end 2010. a. Explain the change in cash during the year 2010. b. Determine the change in net working capital in 2010. c. Determine the ...Given the following information for O’Hara Marine Co., calculate the depreciation expense: sales = $43,000; costs = $26,000; addition to retained earnings = $5,600; dividends paid = $1,300; interest expense = $1,900; tax ...Consider the following abbreviated financial statements for Weston Enterprises: a. What was owners’ equity for 2009 and 2010? b. What was the change in net working capital for 2010? c. In 2010, Weston Enterprises purchased ...Martin Driving School's 2009 balance sheet showed net fixed assets of $4.7 million, and the 2010 balance sheet showed net fixed assets of $5.3 million. The company's 2010 income statement showed a depreciation expense of ...In addition to common-size financial statements, common-base year financial statements are often used. Common-base year financial statements are constructed by dividing the current year account value by the base year account ...
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