What was firm operating cash flow or OCF

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The 2014 balance sheet of Jordan’s Golf Shop, Inc., showed long-term debt of $6.3 million, and the 2015 balance sheet showed long-term debt of $6.55 million. The 2015 income statement showed an interest expense of $220,000. The 2014 balance sheet showed $620,000 in the common stock account and $3.6 million in the additional paid-in surplus account. The 2015 balance sheet showed $660,000 and $4.1 million in the same two accounts, respectively. The company paid out $615,000 in cash dividends during 2015. Suppose you also know that the firm’s net capital spending for 2015 was $1,480,000, and that the firm reduced its net working capital investment by $91,000. What was the firm’s 2015 operating cash flow, or OCF?

Reference no: EM131949756

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