The firm reduced its net working capital investment

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Reference no: EM131947063

The 2008 balance sheet of Maria's Tennis Shop, Inc., showed $2.85 million in long-term debt, $740,000 in the common stock account, and $6.45 million in the additional paid-in surplus account. The 2009 balance sheet showed $3.65 million, $905,000, and $8.15 million in the same three accounts, respectively. The 2009 income statement showed an interest expense of $230,000. The company paid out $580,000 in cash dividends during 2009. If the firm's net capital spending for 2009 was $840,000, and the firm reduced its net working capital investment by $195,000, the firm's 2009 operating cash flow, or OCF?

Reference no: EM131947063

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