The 2008 balance sheet of marias tennis shop inc showed 23

Reference no: EM13622714

The 2008 balance sheet of Maria's Tennis Shop, Inc., showed $2.3 million in long-term debt, $700,000 in the common stock account, and $6.5 million in the additional paid-in surplus account. The 2009 balance sheet showed $4.25 million, $985,000, and $8.7 million in the same three accounts, respectively. The 2009 income statement showed an interest expense of $250,000. The company paid out $550,000 in cash dividends during 2009and the firm's 2009 operating cash flow was $-3,060,000. If the firm's net capital spending for 2009 was $740,000, and the firm reduced its net working capital investment by $165,000, what is the firm's cash flow from assets?

Reference no: EM13622714

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