The 2013 balance sheet of Maria's Tennis Shop, Inc., showed long-term debt of $1.8 million,...
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The 2013 balance sheet of Maria's Tennis Shop, Inc., showed long-term debt of $1.8 million, and the 2014 balance sheet showed long-term debt of $2.4 million. The 2014 income statement showed an interest expense of $670,000. During 2014, Marias Tennis Shop, Inc., had a cash flow to stockholders for the year of $334,000. Suppose you also know that the firms net capital spending for 2014 was $819,000, and that the firm reduced its net working capital investment by $88,000
What was the firms 2014 operating cash flow, or OCF? (Round final answer to the nearest whole dollar. Do not round intermediate calculations).
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