Question

The Bates Hotel had operating cash flow (OCF) of $49,500. Depreciation during the year was $5,700 and interest expense was $2,500. The company’s long-term debt was reduced by $2,800. The company spent $26,000 on fixed assets and net working capital (NWC) decreased by $1,400. What is the cash flow to share- holders? (6 pts)

please show full work with formulas. excel if needed.

Answer 1

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