What was the firm operating cash flow, or ocf

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Question - The 2018 balance sheet of Speith's Golf Shop, Inc., showed long-term debt of $5.9 million, and the 2019 balance sheet showed long-term debt of $6.15 million. The 2019 income statement showed an interest expense of $200,000. The 2018 balance sheet showed $580,000 in the common stock account and $3.5 million in the additional paid-in surplus account. The 2019 balance sheet showed $620,000 and $3.9 million in the same two accounts, respectively. The company paid out $570,000 in cash dividends during 2019. Suppose you also know that the firm's net capital spending for 2019 was $1,440,000, and that the firm reduced its net working capital investment by $83,000. What was the firm's 2019 operating cash flow, or OCF?

Reference no: EM133103004

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