What was the firm's 2019 operating cash flow, or OCF? ?
The December 31, 2018, balance sheet of Whelan, Inc., showed long-term debt of $1,400,000, $140,000 in the common stock account, and $2,650,000 in the additional paid-in surplus account. The December 31, 2019, balance sheet showed long-term debt of $1,580,000, $150,000 in the common stock account and $2,950,000 in the additional paid-in surplus account. The 2019 income statement showed an interest expense of $94,000 and the company paid out $145,000 in cash dividends during 2019. The firm’s net capital spending for 2019 was $960,000, and the firm reduced its net working capital investment by $125,000.
What was the firm's 2019 operating cash flow, or OCF?
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