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for anyone looking for a challenge Graffiti Advertising, Inc., reported the following financial statements for the last two years. (Enter your answer as directed, but
for anyone looking for a challenge
Graffiti Advertising, Inc., reported the following financial statements for the last two years. (Enter your answer as directed, but do not round intermediate calculations.) |
2014 Income Statement | ||
Sales | $ | 565,200 |
Costs of goods sold | 274,025 | |
Selling & administrative | 124,733 | |
Depreciation | 54,576 | |
EBIT | $ | 111,866 |
Interest | 19,296 | |
EBT | $ | 92,570 |
Taxes | 48,137 | |
Net income | $ | 44,433 |
Dividends | $ | 9,600 |
Addition to retained earnings | $ | 34,833 |
GRAFFITI ADVERTISING, INC. Balance Sheet as of December 31, 2013 | |||||
Cash | $ | 13,320 | Accounts payable | $ | 9,504 |
Accounts receivable | 18,994 | Notes payable | 14,508 | ||
Inventory | 13,794 | ||||
Current liabilities | $ | 24,012 | |||
Current assets | $ | 46,108 | Long-term debt | $ | 136,800 |
Net fixed assets | $ | 344,426 | Owner's equity | $ | 229,722 |
Total assets | $ | 390,534 | Total liabilities and owners equity | $ | 390,534 |
GRAFFITI ADVERTISING, INC. Balance Sheet as of December 31, 2014 | |||||
Cash | $ | 14,306 | Accounts payable | $ | 10,512 |
Accounts receivable | 21,099 | Notes payable | 16,466 | ||
Inventory | 22,754 | ||||
Current liabilities | $ | 26,978 | |||
Current assets | $ | 58,159 | Long-term debt | $ | 152,000 |
Net fixed assets | $ | 406,311 | Owner's equity | $ | 285,492 |
Total assets | $ | 464,470 | Total liabilities and owners equity | $ | 464,470 |
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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