The 2011 balance sheet of Anna s Tennis Shop Inc showed long

Last updated: 3/3/2024

The 2011 balance sheet of Anna s Tennis Shop Inc showed long term debt of 5 6 million and the 2012 balance sheet showed long term debt of 5 85 million The 2012 income statement showed an interest expense of 185 000 The 2011 balance sheet of Anna s Tennis Shop Inc showed 550 000 in the common stock account and 4 7 million in the additional paid in surplus account The 2012 balance sheet showed 590 000 and 5 1 million in the same two accounts respectively The company paid out 555 000 in cash dividends during 2012 Suppose you also know that the firm s net capital spending for 2012 was 1 410 000 and that the firm reduced its net working capital investment by 77 000 What was the firm s 2012 operating cash flow or OCF Do not round intermediate calculations Enter your answer in dollars not millions of dollars i e 1 234 567 Operating cash flow