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The 2014 balance sheet of Sugarpova’s Tennis Shop, Inc., sho

Homework Assistance Finance The 2014 balance sheet of Sugarpova’s Tennis Shop, Inc., sho

Finance

The 2014 balance sheet of Sugarpova’s Tennis Shop, Inc., sho

The 2014 balance sheet of Sugarpova’s Tennis Shop, Inc., showed long-term debt of $5 million, an… Show more The 2014 balance sheet of Sugarpova’s Tennis Shop, Inc., showed long-term debt of $5 million, and the 2015 balance sheet showed long-term debt of $5.2 million. The 2015 income statement showed an interest expense of $165,000. During 2015, the company had a cash flow to creditors of -$35,000 and the cash flow to stockholders for the year was $70,000. Suppose you also know that the firm’s net capital spending for 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? • Show less

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