Question: Problem 2 - 1 1 Calculating Total Cash Flows [ LO 4 ] The 2 0 2 3 balance sheet of Swiatek's Tennis Shop, Incorporated,

Problem 2-11 Calculating Total Cash Flows [LO4]
The 2023 balance sheet of Swiatek's Tennis Shop, Incorporated, showed long-term debt of $5.8 million, and the 2024 balance sheet
showed long-term debt of $6 million. The 2024 income statement showed an interest expense of $195,000. During 2024, the
company had a cash flow to creditors of -$5,000 and the cash flow to stockholders for the year was $75,000. Suppose you also know
that the firm's net capital spending for 2024 was $1.43 million and that the firm reduced its net working capital investment by $81,000.
What was the firm's 2024 operating cash flow, or OCF?
Note: Enter your answer in dollars, not millions of dollars, e.g.,1,234,567.
Operating cash flow
 Problem 2-11 Calculating Total Cash Flows [LO4] The 2023 balance sheet

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Finance Questions!