The firm reduced its net working capital investment

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The 2008 balance sheet of Maria's Tennis Shop, Inc., showed $2.6 million in long-term debt, $710,000 in the common stock account, and $6.15 million in the additional paid-in surplus account. The 2009 balance sheet showed $4.2 million, $915,000, and $7.8 million in the same three accounts, respectively. The 2009 income statement showed an interest expense of $340,000. The company paid out $540,000 in cash dividends during 2009. If the firm's net capital spending for 2009 was $730,000, and the firm reduced its net working capital investment by $165,000, the firm's 2009 operating cash flow, or OCF?

Reference no: EM13975193

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