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Business, 14.02.2022 21:10 ayoismeisjjjjuan
The December 31, 2018, balance sheet of Whelan, Inc., showed long-term debt of $1,395,000, $139,000 in the common stock account, and $2,640,000 in the additional paid-in surplus account. The December 31, 2019, balance sheet showed long-term debt of $1,570,000, $149,000 in the common stock account and $2,940,000 in the additional paid-in surplus account. The 2019 income statement showed an interest expense of $93,500 and the company paid out $144,000 in cash dividends during 2019. The firm’s net capital spending for 2019 was $950,000, and the firm reduced its net working capital investment by $124,000. What was the firm's 2019 operating cash flow, or OCF?
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The December 31, 2018, balance sheet of Whelan, Inc., showed long-term debt of $1,395,000, $139,000...
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