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The 2017 balance sheet of Kerbers Tennis Shop, Inc., showed long-term debt of $6.3 million, and the 2018 balance sheet showed long-term debt of $6.5 million. The 2018 income statement showed an interest expense of $220,000. During 2018, the company had a cash flow to creditors of $20,000 and the cash flow to stockholders for the year was $75,000. Suppose you also know that the firms net capital spending for 2018 was $1,480,000, and that the firm reduced its net working capital investment by $91,000 What was the firms 2018 operating cash flow, or OCF? (Enter your answer in dollars, not millions of dollars, e.g., 1,234,567) Operating cash flovw

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Home nert Page Layout Formulas Data Review View dd-Ins Cut Σ AutoSum ー E ゴWrap Text ta copy. Fill в 1 프 . u.., Δ. 逻锂函Merge & Center. $, % , 弼,8 C Paste Conditional Format CeInsert Delete Format Formatting as Table Styles2 Clear Sort &Find & Format Painter Clipboard Font Alignment Number Cells Edting CE229 CD CE CF CG CH CI Cl CK CL CM CN 211 212 213 214 215 216 217 218 219 220 ANS 221 cash flow from assets cash flow to creditors +cashflow to stockholders cash flow from assets = cash flow from assets = 20000 + 75000 95000 Cashflow from assets = 95000 95000 OCF = OCF NET CAPITAL SPENDING - NET CHANGE IN WORKING CAPITAL OCF 1480000 (-91000) OCF 148000091000 950001480000 91000 1484000 223 224 225 226 227 228 229 1 | | OCF CASH FLOW STATW ARM, MSI.confidence INDEX CURRENCYLOANCROSS OVER HEDGING MONEY MARKETGM HPR AM TAXGROWTH SUSTPREF AND DIV POLICY 08:56 21-01-2019

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