Reference no: EM131315036
The December 31, 2015, balance sheet of Schism, Inc., showed long-term debt of $1,375,000, $135,000 in the common stock account, and $2,600,000 in the additional paid-in surplus account. The December 31, 2016, balance sheet showed long-term debt of $1,530,000, $145,000 in the common stock account, and $2,900,000 in the additional paid-in surplus account. The 2016 income statement showed an interest expense of $91,500 and the company paid out $140,000 in cash dividends during 2016. The firm’s net capital spending for 2016 was $910,000, and the firm reduced its net working capital investment by $120,000.
What was the firm's 2016 operating cash flow, or OCF? (A negative answer should be indicated by a minus sign. Enter your answer in dollars, not millions of dollars, e.g., 1,234,567. Do not round intermediate calculations and round your answer to the nearest whole number, e.g., 32.)
Operating cash flow $
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: The December 31, 2015, balance sheet of Schism, Inc., showed long-term debt of $1,375,000, $135,000 in the common stock account, and $2,600,000 in the additional paid-in surplus account. What was the firm's 2016 operating cash flow, or OCF?
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