The 2010 balance sheet of marias tennis shop inc showed

Reference no: EM13598257

The 2010 balance sheet of Maria's Tennis Shop, Inc., showed long-term debt of $2.3 million, and the 2011 balance sheet showed long-term debt of $2.55 million. The 2011 income statement showed an interest expense of $190,000. During 2011, Maria's Tennis Shop, Inc., had a cash flow to creditors of -$60,000 and the cash flow to stockholders for the year was $105,000. Suppose you also know that the firm's net capital spending for 2011 was $1,300,000, and that the firm reduced its net working capital investment by $55,000. What was the firm's 2011 operating cash flow?

Reference no: EM13598257

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