Depreciation		54,565
EBIT	$	117,443
Interest		19,538
EBT	$	97,905
Taxes		39,162
Net income	$	58,743
Dividends	$	10,700
Addition to retained earnings	$	48,043

GRAFFITI ADVERTISING, INC. Balance Sheet as of December 31, 2013
Cash	$	13,430	Accounts payable	$	9,493
Accounts receivable		18,983	Notes payable		14,497
Inventory		13,805
			Current liabilities	$	23,990
Current assets	$	46,218	Long-term debt	$	135,920
Net fixed assets	$	344,756	Owner's equity	$	231,064
Total assets	$	390,974	Total liabilities and owners equity	$	390,974

GRAFFITI ADVERTISING, INC. Balance Sheet as of December 31, 2014
Cash	$	14,416	Accounts payable	$	10,523
Accounts receivable		21,088	Notes payable		16,477
Inventory		22,765
			Current liabilities	$	27,000
Current assets	$	58,269	Long-term debt	$	153,100
Net fixed assets	$	406,300	Owner's equity	$	284,469
Total assets	$	464,569	Total liabilities and owners equity	$	464,569

Requirement 1:

Calculate the operating cash flow.

Operating cash flow

$

Requirement 2:

Calculate the change in net working capital.

Change in net working capital

$

Requirement 3:

Calculate the net capital spending.

Net capital spending

$

Requirement 4:

Calculate the cash flow from assets. (Do not include the dollar sign ($). Negative amount should be indicated by a minus sign.)

Cash flow from assets

$

Requirement 5:

Calculate the cash flow to creditors.

Cash flow to creditors

$

Requirement 6:

Calculate the cash flow to stockholders. (Negative amount should be indicated by a minus sign.)

Cash flow to stockholders

$

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