Question

In: Finance

The 2017 balance sheet of Kerber’s Tennis Shop, Inc., showed $2.6 million in long-term debt, $740,000...

The 2017 balance sheet of Kerber’s Tennis Shop, Inc., showed $2.6 million in long-term debt, $740,000 in the common stock account, and $5.95 million in the additional paid-in surplus account. The 2018 balance sheet showed $3.8 million, $965,000, and $8.05 million in the same three accounts, respectively. The 2018 income statement showed an interest expense of $200,000. The company paid out $570,000 in cash dividends during 2018. If the firm's net capital spending for 2018 was $670,000, and the firm reduced its net working capital investment by $155,000, what was the firm's 2018 operating cash flow, or OCF?

Solutions

Expert Solution

jeff jeffy answered 3 months ago
Next > < Previous

Related Solutions

The 2017 balance sheet of Kerber’s Tennis Shop, Inc., showed long-term debt of $2.7 million, and...
The 2017 balance sheet of Kerber’s Tennis Shop, Inc., showed long-term debt of $2.7 million, and the 2018 balance sheet showed long-term debt of $2.9 million. The 2018 income statement showed an interest expense of $95,000. What was the firm’s cash flow to creditors during 2018?
The 2017 balance sheet of Kerber’s Tennis Shop, Inc., showed $2.15 million in long-term debt, $700,000...
The 2017 balance sheet of Kerber’s Tennis Shop, Inc., showed $2.15 million in long-term debt, $700,000 in the common stock account, and $6.3 million in the additional paid-in surplus account. The 2018 balance sheet showed $3.75 million, $975,000, and $8.45 million in the same three accounts, respectively. The 2018 income statement showed an interest expense of $280,000. The company paid out $690,000 in cash dividends during 2018. If the firm's net capital spending for 2018 was $760,000, and the firm...
The 2017 balance sheet of Kerber’s Tennis Shop, Inc., showed $2.95 million in long-term debt, $760,000...
The 2017 balance sheet of Kerber’s Tennis Shop, Inc., showed $2.95 million in long-term debt, $760,000 in the common stock account, and $6.1 million in the additional paid-in surplus account. The 2018 balance sheet showed $4 million, $935,000, and $7.75 million in the same three accounts, respectively. The 2018 income statement showed an interest expense of $210,000. The company paid out $670,000 in cash dividends during 2018. If the firm's net capital spending for 2018 was $810,000, and the firm...
The 2017 balance sheet of Kerber’s Tennis Shop, Inc., showed $2.45 million in long-term debt, $790,000...
The 2017 balance sheet of Kerber’s Tennis Shop, Inc., showed $2.45 million in long-term debt, $790,000 in the common stock account, and $6.35 million in the additional paid-in surplus account. The 2018 balance sheet showed $3.6 million, $955,000, and $8.7 million in the same three accounts, respectively. The 2018 income statement showed an interest expense of $300,000. The company paid out $540,000 in cash dividends during 2018. If the firm's net capital spending for 2018 was $840,000, and the firm...
The 2017 balance sheet of Kerber’s Tennis Shop, Inc., showed $2.95 million in long-term debt, $780,000...
The 2017 balance sheet of Kerber’s Tennis Shop, Inc., showed $2.95 million in long-term debt, $780,000 in the common stock account, and $6.35 million in the additional paid-in surplus account. The 2018 balance sheet showed $3.75 million, $905,000, and $8.15 million in the same three accounts, respectively. The 2018 income statement showed an interest expense of $280,000. The company paid out $500,000 in cash dividends during 2018. If the firm's net capital spending for 2018 was $750,000, and the firm...
The 2017 balance sheet of Kerber’s Tennis Shop, Inc., showed $2.25 million in long-term debt, $730,000...
The 2017 balance sheet of Kerber’s Tennis Shop, Inc., showed $2.25 million in long-term debt, $730,000 in the common stock account, and $5.9 million in the additional paid-in surplus account. The 2018 balance sheet showed $4.2 million, $965,000, and $8.5 million in the same three accounts, respectively. The 2018 income statement showed an interest expense of $240,000. The company paid out $570,000 in cash dividends during 2018. If the firm's net capital spending for 2018 was $770,000, and the firm...
The 2017 balance sheet of Kerber’s Tennis Shop, Inc., showed $2.25 million in long-term debt, $730,000...
The 2017 balance sheet of Kerber’s Tennis Shop, Inc., showed $2.25 million in long-term debt, $730,000 in the common stock account, and $6.4 million in the additional paid-in surplus account. The 2018 balance sheet showed $3.9 million, $955,000, and $8.65 million in the same three accounts, respectively. The 2018 income statement showed an interest expense of $200,000. The company paid out $620,000 in cash dividends during 2018. If the firm's net capital spending for 2018 was $760,000, and the firm...
The 2017 balance sheet of Kerber’s Tennis Shop, Inc., showed $2.15 million in long-term debt, $720,000...
The 2017 balance sheet of Kerber’s Tennis Shop, Inc., showed $2.15 million in long-term debt, $720,000 in the common stock account, and $6.1 million in the additional paid-in surplus account. The 2018 balance sheet showed $3.65 million, $935,000, and $8.55 million in the same three accounts, respectively. The 2018 income statement showed an interest expense of $290,000. The company paid out $520,000 in cash dividends during 2018. If the firm's net capital spending for 2018 was $730,000, and the firm...
The 2017 balance sheet of Kerber’s Tennis Shop, Inc., showed $2.85 million in long-term debt, $750,000...
The 2017 balance sheet of Kerber’s Tennis Shop, Inc., showed $2.85 million in long-term debt, $750,000 in the common stock account, and $6.05 million in the additional paid-in surplus account. The 2018 balance sheet showed $3.6 million, $945,000, and $8.5 million in the same three accounts, respectively. The 2018 income statement showed an interest expense of $230,000. The company paid out $590,000 in cash dividends during 2018. If the firm's net capital spending for 2018 was $750,000, and the firm...
The 2013 balance sheet of Maria's Tennis Shop, Inc., showed long-term debt of $1.9 million, and...
The 2013 balance sheet of Maria's Tennis Shop, Inc., showed long-term debt of $1.9 million, and the 2014 balance sheet showed long-term debt of $2.6 million. The 2014 income statement showed an interest expense of $655,000. During 2014, Maria’s Tennis Shop, Inc., had a cash flow to stockholders for the year of $321,000. Suppose you also know that the firm’s net capital spending for 2014 was $855,000, and that the firm reduced its net working capital investment by $76,000 What...
ADVERTISEMENT
Subjects
ADVERTISEMENT
Latest Questions
ADVERTISEMENT