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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 $5.1 million, and the 2018 balance sheet showed long-term debt of $5.0 million. The 2018 income statement showed an interest expense of $165,000. During 2018, the company had a cash flow to stockholders for the year was $70,000. Suppose you also know that the firm's net capital spending for 2018 was $1,370,000, and that the firm reduced its net working capital investment by $69,000. What was the firm's 2018 operating cash flow, or OCF?

Reference no: EM133183794

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