Firm reduced its net working capital investment

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The 2008 balance sheet of Maria's Tennis Shop, Inc., showed $2.7 million in long-term debt, $770,000 in the common stock account, and $5.95 million in the additional paid-in surplus account. The 2009 balance sheet showed $3.9 million, $965,000, and $7.7 million in the same three accounts, respectively. The 2009 income statement showed an interest expense of $200,000. The company paid out $520,000 in cash dividends during 2009. If the firm's net capital spending for 2009 was $760,000, and the firm reduced its net working capital investment by $195,000, the firm's 2009 operating cash flow, or OCF?

Reference no: EM13976486

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