The 2020 balance sheet of Osaka's Tennis Shop, Inc., showed long-term debt of $2.25 million, and...
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The 2020 balance sheet of Osaka's Tennis Shop, Inc., showed long-term debt of $2.25 million, and the 2021 balance sheet showed long-term debt of $2.66 million. The 2021 income statement showed an interest expense of $305,000. The balance sheet also showed $780,000 in the common stock account and $4.78 million in the additional paid-in surplus account. The 2021 balance sheet showed $965,000 and $5.04 million in the same two accounts, respectively. The company paid out $654,000 in cash dividends during 2021. You also know that the firm's net capital spending for 2021 was $1.5 million and that the firm reduced its net working capital investment by $55,000. What was the firm's 2021 operating cash flow, or OCF? Input area: Dec. 31, 2020 Long-term debt Dec. 31, 2021 Long-term debt Interest expense Dec. 31, 2020 Common stock Dec. 31, 2020 Additional paid-in surplus Dec 31, 2021 Common stock Dec. 31, 2021 Additional paid-in surplus Cash dividends 2021 Net capital spending Change in net working capital $2,250,000 $2,660,000 $305,000 $780,000 $4,780,000 $965,000 $5,040,000 $654,000 $1,500,000 ($55,000) The 2020 balance sheet of Osaka's Tennis Shop, Inc., showed long-term debt of $2.25 million, and the 2021 balance sheet showed long-term debt of $2.66 million. The 2021 income statement showed an interest expense of $305,000. The balance sheet also showed $780,000 in the common stock account and $4.78 million in the additional paid-in surplus account. The 2021 balance sheet showed $965,000 and $5.04 million in the same two accounts, respectively. The company paid out $654,000 in cash dividends during 2021. You also know that the firm's net capital spending for 2021 was $1.5 million and that the firm reduced its net working capital investment by $55,000. What was the firm's 2021 operating cash flow, or OCF? Input area: Dec. 31, 2020 Long-term debt Dec. 31, 2021 Long-term debt Interest expense Dec. 31, 2020 Common stock Dec. 31, 2020 Additional paid-in surplus Dec 31, 2021 Common stock Dec. 31, 2021 Additional paid-in surplus Cash dividends 2021 Net capital spending Change in net working capital $2,250,000 $2,660,000 $305,000 $780,000 $4,780,000 $965,000 $5,040,000 $654,000 $1,500,000 ($55,000)
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OCF EBIT Depreciation Taxes Where EBIT is Earnings Before Interest and Taxes Depreciation is the depreciation expense Taxes are the taxes paid Interes... View the full answer
Related Book For
Fundamentals Of Corporate Finance
ISBN: 9781265553609
13th Edition
Authors: Stephen Ross, Randolph Westerfield, Bradford Jordan
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