- Wallace Driving School S 2020 Balance Sheet Showed Net Fixed Assets Of 4 9 Million And The 2021 Balance Sheet Showed N 1 (29.34 KiB) Viewed 23 times
- Wallace Driving School S 2020 Balance Sheet Showed Net Fixed Assets Of 4 9 Million And The 2021 Balance Sheet Showed N 2 (37.48 KiB) Viewed 23 times
Wallace Driving School's 2020 balance sheet showed net fixed assets of $4.9 million, and the 2021 balance sheet showed net fixed assets of $5.5 million. The company's 2021 income statement showed a depreciation expense of $355,000. What was net capital spending for 2021? (Do not round intermediate calculations and enter your answer in dollars, not millions of dollars, e.g., 1,234,567.) Net capital spending
The 2020 balance sheet of Osaka's Tennis Shop, Incorporated, showed long-term debt of $3.3 million, and the 2021 balance sheet showed long-term debt of $3.4 million. The 2021 income statement showed an interest expense of $155,000. During 2021, the company had a cash flow to creditors of $55,000 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 $1.35 million and that the firm reduced its net working capital investment by $65,000. 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