Determine the firm net capital spending

Reference no: EM131924171

Qusetion: The 2014 balance sheet of Sugarpova's Tennis Shop, Inc., showed long-term debt of $5.8 million, and the 2015 balance sheet showed long-term debt of $6 million. The 2015 income statement showed an interest expense of $195,000. During 2015, 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 2015 was $1,430,000, and that the firm reduced its net working capital investment by $81,000.

What was the firm's 2015 operating cash flow, or OCF? (Enter your answer in dollars, not millions of dollars, e.g., 1,234,567.)

Reference no: EM131924171

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