The 2017 balance sheet of Kerber's Tennis Shop, Inc., showed long-term debt of $5.4 million, and the 2018 balance sheet showed long-term debt of $5.6 million. The 2018 income statement showed an interest expense of $175,000. During 2018, the company had a cash flow to creditors of $25,000 and the cash flow to stockholders for the year was $80,000. Suppose you also know that the firm’s net capital spending for 2018 was $1,390,000, and that the firm reduced its net working capital investment by $73,000. What was the firm’s 2017 operating cash flow, or OCF

Answer rating: 100% (QA)

Calculate the operating cash flow OCF using the following formula OCF CFS CFC NCS ... View the full answer