The 2009 balance sheet of marias tennis shop inc showed 38

Reference no: EM13591097

The 2009 balance sheet of Maria's Tennis Shop, Inc., showed $3.8 million in long-term debt, $762,600 in the common stock account, and $6.8 million in the additional paid-in surplus account. The 2010 balance sheet showed $4.1 million, $837,900, and $7.22 million in the same three accounts, respectively. The 2010 income statement showed an interest expense of $340,000. The company paid out $400,000 in cash dividends during 2010.If the firm's net capital spending for 2010 was $770,000, and the firm reduced its net working capital investment by $160,000, the firm's 2010 operating cash flow, or OCF, is?

Reference no: EM13591097

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