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The 2014 balance sheet of Sugarpova's Tennis Shop, Inc., showed
long-term debt of $5.9 million, and the 2015 balance sheet showed
long-term debt of $6.1 million. The 2015 income statement showed an
interest expense of $200,000. During 2015, the company had a cash
flow to creditors of $0 and the cash flow to stockholders for the
year was $80,000. Suppose you also know that the firmA????1s net capital
spending for 2015 was $1,440,000, and that the firm reduced its net
working capital investment by $83,000.
What was the firmA????1s 2015 operating cash flow, or OCF?
(Enter your answer in dollars, not millions of dollars,
This question was answered on: Dec 08, 2020
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Dec 08, 2020EXPERT
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