The 2017 balance sheet of Kerber's Tennis Shop, Inc., showed long-term debt of $3.1 million, and the 2018 balance sheet showed long-term debt of $3.2 million. The 2018 income statement showed an interest expense of $150,000. During 2018, the company had a cash flow to creditors of $50,000 and the cash flow to stockholders for the year was $90,000. Suppose you also know that the firm's net capital spending for 2018 was $1,340,000 and that the firm reduced its net working capital investment by $63,000. What was the firm's 2018 operating cash flow, or OCF?

The 2017 balance sheet of Kerber's Tennis Shop, Inc., showed long-term debt of $3.1 million, and the 2018 balance sheet showed long-term debt of $3.2 million. The 2018 income statement showed an interest expense of $150,000. During 2018, the company had a cash flow to creditors of $50,000 and the cash flow to stockholders for the year was $90,000. Suppose you also know that the firm's net capital spending for 2018 was $1,340,000 and that the firm reduced its net working capital investment by $63,000. What was the firm's 2018 operating cash flow, or OCF?

Pfin (with Mindtap, 1 Term Printed Access Card) (mindtap Course List)

7th Edition

ISBN:9780357033609

Author:Randall Billingsley, Lawrence J. Gitman, Michael D. Joehnk

Publisher:Randall Billingsley, Lawrence J. Gitman, Michael D. Joehnk

Chapter11: Investment Planning

Section: Chapter Questions

Problem 7FPE: Using the Value Line Investment Survey report in Exhibit 11.5, find the following information for...

See similar textbooks

Similar questions

The 2020 balance sheet of Osaka's Tennis Shop, Incorporated, showed long-term debt of $6.5 million, and the 2021 balance sheet showed long-term debt of $6.7 million. The 2021 income statement showed an interest expense of $230,000. During 2021, the company had a cash flow to creditors of $30,000 and the cash flow to stockholders for the year was $85,000. Suppose you also know that the firm's net capital spending for 2021 was $1.50 million and that the firm reduced its net working capital investment by $95,000. What was the firm's 2021 operating cash flow, or OCF? (Enter your answer in dollars, not millions of dollars, e.g., 1,234,567.) Operating cash flow
You are a financial Manager of Chevron Corp. You need to assess the effectiveness of working capital management of the company for 2018 using the following data. What is the 2018 Receivable turnover? 2017 Account Receivable = 15,353 000 2018 Account Receivable = 15.050,00O 2017 Inventory = 5,585.000 2018 Inventory = 5 704.00O 2017 Accounts Payable= 14 565 00I 2018 Accounts Payable = 13 953 000 2017 Sales 134,674 000 2018 Sales 158.902 000. 2017 Cost of Sales = 95 114.000 2018 Cost of Sales = 113 997 000 2017 Purchases= 95 114 000 2018 PurchaSes = 123 435 000
The 2020 balance sheet of Osaka's Tennis Shop, Incorporated, showed long-term debt of $2.5 million, and the 2021 balance sheet showed long-term debt of $2.65 million. The 2021 income statement showed an interest expense of $100,000. During 2021, the company had a cash flow to creditors of –$50,000 and the cash flow to stockholders for the year was $60,000. Suppose you also know that the firm’s net capital spending for 2021 was $1.31 million and that the firm reduced its net working capital investment by $57,000. What was the firm’s 2021 operating cash flow, or OCF? (Enter your answer in dollars, not millions of dollars, e.g., 1,234,567.)
The 2017 balance sheet of Kerber's Tennis Shop, Incorporated, showed $3.05 million in long-term debt, $790,000 in the common stock account, and $6.05 million in the additional paid-in surplus account. The 2018 balance sheet showed $3.8 million, $905,000, and $8.45 million in the same three accounts, respectively. The 2018 income statement showed an interest expense of $300,000. The company paid out $660,000 in cash dividends during 2018. If the firm's net capital spending for 2018 was $790,000, and the firm reduced its net working capital investment by $165,000, what was the firm's 2018 operating cash flow, or OCF? Multiple Choice O O $-2,305,000 $-3,000,000 $2,635,000 $-1,680,000 $-4,250,000
The 2020 balance sheet of Osaka’s Tennis Shop, Incorporated, showed long-term debt of $2.25 million, and the 2021 balance sheet showed long-term debt of $2.66 million. The 2021 income statement showed an interest expense of $305,000. During 2021, Osaka’s Tennis Shop, Incorporated, realized the following: Cash flow to creditors –$ 105,000 Cash flow to stockholders $ 209,000 Suppose you also know that the firm’s net capital spending for 2021 was $1.5 million and that the firm reduced its net working capital investment by $55,000. What was the firm’s 2021 operating cash flow, or OCF?
The 2018 balance sheet of Speith's Golf Shop, Inc., showed long-term debt of $6.2 million, and the 2019 balance sheet showed long-term debt of $6.45 million. The 2019 income statement showed an interest expense of $215,000. The 2018 balance sheet showed $610,000 in the common stock account and $2.5 million in the additional paid-in surplus account. The 2019 balance sheet showed $650,000 and $3 million in the same two accounts, respectively. The company paid out $610,000 in cash dividends during 2019. Suppose you also know that the firm's net capital spending for 2019 was $1,470,000, and that the firm reduced its net working capital investment by $89,000. What was the firm's 2019 operating cash flow, or OCF? (Do not round intermediate calculations. Enter your answer in dollars, not millions of dollars, e.g., 1,234,567.) t Operating cash flow 3 F5 F6 ences Mc Graw :0 F2 20 F3 000 F4 ◄◄ F7 ▶11
The 2020 balance sheet of Osaka's Tennis Shop, Incorporated, showed long-term debt of $2.25 million, and the 2021 balance sheet showed long-term debt of $2.66 million. The 2021 income statement showed an interest expense of $305,000. During 2021, Osaka's Tennis Shop, Incorporated, realized the following: Cash flow to creditors Cash flow to stockholders $105,000 $ 209,000 Suppose you also know that the firm's net capital spending for 2021 was $1.5 million and that the firm reduced its net working capital investment by $55,000. What was the firm's 2021 operating cash flow, or OCF? (Enter your answer in dollars, not millions of dollars, e.g., 1,234,567.) Operating cash flow
The 2017 balance sheet of Kerber’s Tennis Shop, Incorporated, showed $2.4 million in long-term debt, $720,000 in the common stock account, and $6.05 million in the additional paid-in surplus account. The 2018 balance sheet showed $4.1 million, $895,000, and $8.3 million in the same three accounts, respectively. The 2018 income statement showed an interest expense of $190,000. The company paid out $600,000 in cash dividends during 2018. If the firm's net capital spending for 2018 was $860,000, and the firm reduced its net working capital investment by $115,000, what was the firm's 2018 operating cash flow, or OCF?
The December 31, 2021, balance sheet of Chen, Incorporated, showed long-term debt of $1.38 million, and the December 31, 2022, balance sheet showed long-term debt of $1.52 million. The 2022 income statement showed an interest expense of $104,500. What was the firm’s cash flow to creditors during 2022?
The 2017 balance sheet of Kerber's Tennis Shop , Incorporated, showed $2.4 million long-term debt, $760,000 in the common stock account, and $5.95 million in the additional paid-in surplus account. The 2018 balance sheet showed $3.95 million $985,000, and $8.05 million in the same three accounts , respectively . The 2018 income statement showed an interest expense of $ 310,000 . The company paid out $590,000 in cash dividends during 2018. If the firm's net capital spending for 2018 was $690,000 , and the firm reduced its net working capital Investment by $185,000 , what was the firm's 2018 operating cash flow , or OCF ? Typed solution
The 2023 balance sheet of Swiatek’s Tennis Shop, Incorporated, showed long-term debt of $2.4 million, and the 2024 balance sheet showed long-term debt of $2.73 million. The 2024 income statement showed an interest expense of $265,000. During 2024, the firm realized the following: Cash flow to creditors −$ 65,000 Cash flow to stockholders $ 309,000 Suppose you also know that the firm’s net capital spending for 2024 was $1.5 million and that the firm reduced its net working capital investment by $55,000. What was the firm’s 2024 operating cash flow, or OCF?
the 2019 balance sheet of Dyrdeks skate shop showed $570,000 in the common stock account and $2.4 million in the additional paid in surplus account. the 2020 balance sheet showed $610,000 and $2.8 million in the same two accounts, respectively. if the company paid out $515,000 in cash dividends during 2020, what was cash flow to stockholders for the year?