What was firm operating cash flow or OCF

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Reference no: EM131625149

The 2014 balance sheet of Jordan’s Golf Shop, Inc., showed long-term debt of $6 million, and the 2015 balance sheet showed long-term debt of $6.25 million. The 2015 income statement showed an interest expense of $205,000. The 2014 balance sheet showed $590,000 in the common stock account and $4.8 million in the additional paid-in surplus account. The 2015 balance sheet showed $630,000 and $5.3 million in the same two accounts, respectively. The company paid out $600,000 in cash dividends during 2015. Suppose you also know that the firm’s net capital spending for 2015 was $1,450,000, and that the firm reduced its net working capital investment by $85,000. What was the firm’s 2015 operating cash flow, or OCF? (Do not round intermediate calculations. Enter your answer in dollars, not millions of dollars, e.g., 1,234,567.) Operating cash flow $

Reference no: EM131625149

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