The 2017 balance sheet of Kerber's Tennis Shop, Incorporated, showed $2.25 million in long-term debt, $730,000...

   

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The 2017 balance sheet of Kerber's Tennis Shop, Incorporated, showed $2.25 million in long-term debt, $730,000 in the common stock account, and $6.3 million in the additional paid-in surplus account. The 2018 balance sheet showed $3.55 million, $895,000, and $7.75 million in the same three accounts, respectively. The 2018 income statement showed an interest expense of $200,000. The company paid out $680,000 in cash dividends during 2018. If the firm's net capital spending for 2018 was $840,000, and the firm reduced its net working capital investment by $145,000, what was the firm's 2018 operating cash flow, or OCF? Multiple Choice $2,325,000 $-2,035,000 $-2,700,000 $-1,340,000 $-4,090,000 The 2017 balance sheet of Kerber's Tennis Shop, Incorporated, showed $2.25 million in long-term debt, $730,000 in the common stock account, and $6.3 million in the additional paid-in surplus account. The 2018 balance sheet showed $3.55 million, $895,000, and $7.75 million in the same three accounts, respectively. The 2018 income statement showed an interest expense of $200,000. The company paid out $680,000 in cash dividends during 2018. If the firm's net capital spending for 2018 was $840,000, and the firm reduced its net working capital investment by $145,000, what was the firm's 2018 operating cash flow, or OCF? Multiple Choice $2,325,000 $-2,035,000 $-2,700,000 $-1,340,000 $-4,090,000

Answer rating: 100% (QA)

Net New Longterm Debt Longterm Debt 2018 Longterm Debt 2017 Net New Longterm Debt 3900000 ... View the full answer