The 2014 balance sheet of Tian Tian Table Tennis Shop, Inc., showed $4.5 million in long-term debt, $1,120,000 in the common stock account, and $7.1 million in the additional paid-in surplus account. The 2015 balance sheet showed $5.2 million, $1,195,000, and $7.3 million in the same three accounts, respectively. The 2015 income statement showed an interest expense of $340,000. The company paid out $585,000 in cash dividends during 2015. If the firm's net capital spending for 2015 was $980,000, and the firm reduced its net working capital investment by $88,000, the firm's 2015 operating cash flow, or OCF, is
The 2014 balance sheet of Tian Tian Table Tennis Shop, Inc., showed $4.5 million in long-term debt, $1,120,000 in the common stock account, and $7.1 million in the additional paid-in surplus account. The 2015 balance sheet showed $5.2 million, $1,195,000, and $7.3 million in the same three accounts, respectively. The 2015 income statement showed an interest expense of $340,000. The company paid out $585,000 in cash dividends during 2015. If the firm's net capital spending for 2015 was $980,000, and the firm reduced its net working capital investment by $88,000, the firm's 2015 operating cash flow, or OCF, is
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