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What was the firms operating cash flow

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Reference no: EM132614310

Question 1: The 2017 balance sheet of kerbers tennis shop, inc, showed 2.85 million in long term debt, 760,000 in the common stock account, and 6.05 million in the additional paid in surplus account. the 2018 balance sheet showed 3.5 million, 985,000, and 7.95 million in the same three accounts, respectively. the 2018 income statement showed an interest expense of 250,000. the company paid out 640,000 in cash dividends during 2018. if the firms net capital spending for 2018 was 810,000 , and the firm reduced its net working capital investment by 185,000. what was the firms 2018 operating cash flow ?

Reference no: EM132614310

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