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What was the firm operating cash flow, or OCF

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Question - The 2017 balance sheet of Kerber's Tennis Shop, Inc., showed long-term debt of $6.5 million, and the 2018 balance sheet showed long-term debt of $6.7 million. The 2018 income statement showed an interest expense of $230,000. During 2018, the company had a cash flow to creditors of $30,000 and the cash flow to stockholders for the year was $85,000. Suppose you also know that the firms net capital spending for 2018 was $1,500,000 and the firm reduced its net working capital investment by $95,000.

Required - What was the firm's 2018 operating cash flow, or OCF?

Reference no: EM132826351

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