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In: Finance
The December 31, 2018, balance sheet of Whelan, Inc., showed long-term debt of $1,375,000, $135,000 in...
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The December 31, 2018, balance sheet of Whelan, Inc., showed long-term debt of $1,375,000, $135,000 in the common stock account, and $2,600,000 in the additional paid-in surplus account. The December 31, 2019, balance sheet showed long-term debt of $1,530,000, $145,000 in the common stock account and $2,900,000 in the additional paid-in surplus account. The 2019 income statement showed an interest expense of $91,500 and the company paid out $140,000 in cash dividends during 2019. The firm’s net capital spending for 2019 was $910,000, and the firm reduced its net working capital investment by $120,000. |
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What was the firm's 2019 operating cash flow, or OCF? (A negative answer should be indicated by a minus sign. Do not round intermediate calculations and enter your answer in dollars, not millions of dollars, rounded to the nearest whole number, e.g., 1,234,567.) |
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Solutions
Expert Solution
Calculate the operating cash flow as follows:
Formulas:
jeff jeffy answered 2 months agoRelated Solutions
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