The
2014 balance sheet of Jordan’s Golf Shop, Inc., showed long-term debt of $5.2 million, and the 2015 balance sheet showed long-term debt of $5.45 million. The 2015 income statement showed an interest expense of $170,000. The 2014 balance sheet showed $520,000 in the common stock account and $5.5 million in the additional paid-in surplus account. The 2015 balance sheet showed $560,000 and $5.7 million in the same two accounts, respectively. The company paid out $415,000 in cash dividends during 2015. Suppose you also know that the firm’s net capital spending for 2015 was $1,380,000, and that the firm reduced its net working capital investment by $71,000.
What was the firm’s 2015 operating cash flow, or OCF?
1Question:2What was the firm’s 2015 operating cash flow, or OCF?34cash flow -dept5Cash Flow to Creditors = Interest Paid -(Ending Long Term Debt – Beginning Long Term Debt)6-80000…
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