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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 reduced its net working capital investment by $205,000, what was the firm's 2018 operating cash flow, or OCF?

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ekkarill92 answered 2 years ago
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