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The Pelican Corporation provided the following information for 2018, in $ millions Proceeds from long-term borrowing Proceeds from sale of common stock Net sales of fixed assets Increase in working capital Payment of dividends $6996 $3956 $9644 $12079 11049 The company paid no interest during the year, and there were no other changes in the balance sheet. Compute the Operating Cash Flow (OCF) of the company Select one: O 5574 O 21820 11654 278 O 2532

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Answer #1

OCF - Capital spending - increase in net working capital = cash flow to investors

Capital spending = -$9,644

Increase in NWC = $12,079

cash flow to investor's = $11,049 - $6,996 - $3,956 = $97

OCF = $97 + $12,079 - $9,644

OCF = $2,532

therfore Operating cash flow = $2,532

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