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Business, 01.10.2019 19:00 vonteee2

The 2017 balance sheet of kerber's tennis shop, inc., showed long-term debt of $6.2 million, and the 2018 balance sheet showed long-term debt of $6.4 million. the 2018 income statement showed an interest expense of $215,000. during 2018, the company had a cash flow to creditors of $15,000 and the cash flow to stockholders for the year was $70,000. suppose you also know that the firm’s net capital spending for 2018 was $1,470,000, and that the firm reduced its net working capital investment by $89,000. what was the firm’s 2018 operating cash flow, or ocf?

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The 2017 balance sheet of kerber's tennis shop, inc., showed long-term debt of $6.2 million, and the...
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