The 2020 balance sheet of Osaka's Tennis Shop, Incorporated, showed long-term debtof $2.25 million, and the 2021 balance sheet showed long-term debt of $2.66million. The 2021 income statement showed an interest expense of $305,000. During2021, Osaka's Tennis Shop, Incorporated, realized the following:Cash flow to creditorsCash flow to stockholders$105,000$ 209,000Suppose you also know that the firm's net capital spending for 2021 was $1.5 million andthat the firm reduced its net working capital investment by $55,000.What was the firm's 2021 operating cash flow, or OCF? (Enter your answer in dollars,not millions of dollars, e.g., 1,234,567.)Operating cash flow

OCF = Cash flow from asset + change in NWC + Net Capital spending. NWC = net working capital.

balance sheet of Osaka's Tennis Shop, Incorporated, showed long-term of $2.25 million, and the 2021 balance sheet showed long-term debt of S million. The 2021 income statement showed an interest expense of $305,000. D 2021, Osaka's Tennis Shop, Incorporated, realized the following: -$ 105,000 $ 209,000 Cash flow to creditors Cash flow to stockholders Suppose you also know that the firm's net capital spending for 2021 was $1.5 million that the firm reduced its net working capital investment by $55,000. What was the firm's 2021 operating cash flow, or OCF? (Enter your answer in dollars not millions of dollars, e.g., 1,234,567.) Operating cash flow

balance sheet of Osaka's Tennis Shop, Incorporated, showed long-term of $2.25 million, and the 2021 balance sheet showed long-term debt of S million. The 2021 income statement showed an interest expense of $305,000. D 2021, Osaka's Tennis Shop, Incorporated, realized the following: -$ 105,000 $ 209,000 Cash flow to creditors Cash flow to stockholders Suppose you also know that the firm's net capital spending for 2021 was $1.5 million that the firm reduced its net working capital investment by $55,000. What was the firm's 2021 operating cash flow, or OCF? (Enter your answer in dollars not millions of dollars, e.g., 1,234,567.) Operating cash flow

Financial Management: Theory & Practice

16th Edition

ISBN:9781337909730

Author:Brigham

Publisher:Brigham

Chapter12: Corporate Valuation And Financial Planning

Section: Chapter Questions

Problem 8P: Stevens Textile Corporations 2019 financial statements are shown here. Stevens grew rapidly in 2019...

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The 2020 balance sheet of Osaka’s Tennis Shop, Incorporated, showed long-term debt of $2.25 million, and the 2021 balance sheet showed long-term debt of $2.66 million. The 2021 income statement showed and interest expense of $305,000. The 2020 balance sheet showed $780,000 in the common stock account and $4.78 million in the additional paid-in surplus account. The 2021 balance sheet showed $965,000 and $5.04 million in the same two accounts, respectively. The company paid out $654,000 in cash dividends during 2021. Suppose you also know that the firm’s net capital spending for 2021 was $1.5 million and that the firm reduced its net working capital investment by $55,000. What was the firm’s 2021 operating cash flow, or OCF?
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