Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. the 2014 balance sheet of maria's tennis shop, inc

The 2014 balance sheet of Maria's Tennis Shop, Inc., showed long-term debt of $6.9 million,...

70.2K

Verified Solution

Question

Accounting

The 2014 balance sheet of Maria's Tennis Shop, Inc., showed long-term debt of $6.9 million, and the 2015 balance sheet showed long-term debt of $5.1 million. The 2015 income statement showed an interest expense of $87331. During 2015, Marias Tennis Shop, Inc. realized the following:

Cash flow to creditors $ 29992

Cash flow to stockholders $ 60514

Suppose you also know that the firms net capital spending for 2015 was $3.4 million, and that the firm reduced its net working capital investment by $70069. What was the firms 2015 operating cash flow, or OCF?

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Q

How do bicarbonate ions play a role in regulating hemoglobins affinity for oxygen and carbon dioxide

Medical Sciences
Q

The segmented income statement for XYZ Company for the year ended December 31, 2016, follows: XYZ...

Accounting
Q

Given two planes 2x - y + z = 7 and x + 3y -...

Advance Math
Q

A short dipole of dipole moment p is placed along x axis at a distance...

Physics
Q

If mGD 150 and m W mZQ W Answer Z G 49 find D

Basic Math
Q

A shipping company charges fees according to the weight of apackage. Prices follow the function...

Basic Math
Q

Sketch graphs of each of the following:(a) the polar equation r = 1 + 2sin(3?)(b)...

Algebra
Q

Try It Again Problem If y 3 4x 6 3z what is the value of...

Algebra
Q

Calculate Company Y's total asset turnover based on the following information for the current year:...

Accounting
Q

WaterwayShop had a balance in the Accounts Receivable account of $760,000 at the beginning of...

Accounting
Q

Algonquin Corporation reported the following items at December 31,2021, and 2020: (Click the...

Accounting
Q

The controller of Bridgeport Housewares Inc. instructs you to prepare a monthly cash budget for...

Accounting