What was the firm operating cash flow

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Reference no: EM131446787

The 2014 balance sheet of Jordan’s Golf Shop, Inc., showed long-term debt of $2.5 million, and the 2015 balance sheet showed long-term debt of $2.75 million. The 2015 income statement showed an interest expense of $100,000. The 2014 balance sheet showed $450,000 in the common stock account and $2.1 million in the additional paid-in surplus account. The 2015 balance sheet showed $490,000 and $2.4 million in the same two accounts, respectively. The company paid out $550,000 in cash dividends during 2015. Suppose you also know that the firm’s net capital spending for 2015 was $1,310,000, and that the firm reduced its net working capital investment by $57,000. What was the firm’s 2015 operating cash flow, or OCF?

Reference no: EM131446787

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