Question

I just need the answer #10

8. Cash Flow te Creditors [LO4] The 2017 balance sheet of Kerber's Tennis Shop, Inc., showed long-term debt of $1.87 million, and the 2018 balance sheet showed long- term debt of $2.21 million. The 2018 income statement showed an interest expense of $255,000. What was the firm's cash flow to creditors during 20187 9. Cash Flow to Stockholders IL041 The 2017 balance sheet of Kerber's Tennis Shop, Inc.,, showed $650,000 in the common stock account and $3.98 million in the additional paid-in surplus account. The 2018 balance sheet showed $805,000 and $4.2 million in the same two accounts, respectively. If the company paid out $545,000 in cash dividends during 2018, what was the cash flow to stockholders for the year? 10. Calculating Total Cash Flows LO4 Given the information for Kerber's Tennis Shop, Inc., in Problems 8 and 9, suppose you also know that the firm's net capital spending as $1,250,000 and that the firm, reduced its net working capital investment by S45,000 what was the firm's 2018 operating cash flow, or oa ? for 2018

Answer 1

Answer : the operating cash flow is $ 1,290,000

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