Question: 4 ertentheducation.com/ext/map/indes hem? concon&external browser=0&launchUrl=https%253A%252F%252Fims.mhed d C The 2017 balance sheet of Kerber's Tennis Shop, Incorporated, showed $2.8 million in long-term debt. $720,000 in the

4 ertentheducation.com/ext/map/indes hem? concon&external browser=0&launchUrl=https%253A%252F%252Fims.mhed d C The 2017 balance sheet of Kerber's Tennis Shop, Incorporated, showed $2.8 million in long-term debt. $720,000 in the common stock account, and $6.2 million in the additional paid-in surplus account. The 2018 balance sheet showed $3.8 million, $925,000, and $8.3 million in the same three accounts, respectively. The 2018 income statement showed an interest expense of $300,000. The company paid out $630,000 in cash dividends during 2018. If the firm's net capital spending for 2018 was $710,000, and the firm reduced its net working capital investment by $195,000, what was the firm's 2018 operating cash flow, or OCF? Multiple Choice NO 2 $2.375,000 O $3.300.000 O $1.000.000 W # 3 24 Cash Flow E 4 R *Assignments: FIN 3601 (* % 5 T 6 410 New > ;; 7 8 Y U

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