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What was the firm operating cash flow or ocf

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Question - The 2014 balance sheet of Jordan's Golf Shop, Inc., showed long-term debt of $5 million, and the 2015 balance sheet showed long-term debt of $5.25 million. The 2015 income statement showed an interest expense of $165,000. The 2014 balance sheet showed $510,000 in the common stock account and $4.6 million in the additional paid-in surplus account. The 2015 balance sheet showed $550,000 and $4.8 million in the same two accounts, respectively. The company paid out $410,000 in cash dividends during 2015. Suppose you also know that the firm's net capital spending for 2015 was $1,370,000, and that the firm reduced its net working capital investment by $69,000. What was the firm's 2015 operating cash flow, or OCF?

Reference no: EM133115904

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