The 2020 balance sheet of Speith's Golf Shop, Inc., showed long-term debt of $3.3 million, and...

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The 2020 balance sheet of Speith's Golf Shop, Inc., showed long-term debt of $3.3 million, and the 2021 balance sheet showed long-term debt of $3.55 million. The 2021 income statement showed an interest expense of $155,000. The 2020 balance sheet showed $490,000 in the common stock account and $2.2 million in the additional paid-in surplus account. The 2021 balance sheet showed $530,000 and $2.4 million in the same two accounts, respectively. The company paid out $400,000 in cash dividends during 2021. Suppose you also know that the firm's net capital spending for 2021 was $1,350,000, and that the firm reduced its net working capital investment by $65,000. What was the firm's 2021 operating cash flow, or OCF? (Do not round intermediate calculations. Enter your answer in dollars, not millions of dollars, e.g., 1,234,567.) The 2020 balance sheet of Speith's Golf Shop, Inc., showed long-term debt of $3.3 million, and the 2021 balance sheet showed long-term debt of $3.55 million. The 2021 income statement showed an interest expense of $155,000. The 2020 balance sheet showed $490,000 in the common stock account and $2.2 million in the additional paid-in surplus account. The 2021 balance sheet showed $530,000 and $2.4 million in the same two accounts, respectively. The company paid out $400,000 in cash dividends during 2021. Suppose you also know that the firm's net capital spending for 2021 was $1,350,000, and that the firm reduced its net working capital investment by $65,000. What was the firm's 2021 operating cash flow, or OCF? (Do not round intermediate calculations. Enter your answer in dollars, not millions of dollars, e.g., 1,234,567.)

Answer rating: 100% (QA)

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