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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
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 | $ | 573,700 |
Costs of goods sold | 273,940 | |
Selling & administrative | 124,716 | |
Depreciation | 54,559 | |
EBIT | $ | 120,485 |
Interest | 19,670 | |
EBT | $ | 100,815 |
Taxes | 40,326 | |
Net income | $ | 60,489 |
Dividends | $ | 11,300 |
Addition to retained earnings | $ | 49,189 |
GRAFFITI ADVERTISING, INC. Balance Sheet as of December 31, 2013 | |||||
Cash | $ | 13,490 | Accounts payable | $ | 9,487 |
Accounts receivable | 18,977 | Notes payable | 14,491 | ||
Inventory | 13,811 | ||||
Current liabilities | $ | 23,978 | |||
Current assets | $ | 46,278 | Long-term debt | $ | 135,440 |
Net fixed assets | $ | 344,936 | Owner's equity | $ | 231,796 |
Total assets | $ | 391,214 | Total liabilities and owners equity | $ | 391,214 |
GRAFFITI ADVERTISING, INC. Balance Sheet as of December 31, 2014 | |||||
Cash | $ | 14,476 | Accounts payable | $ | 10,529 |
Accounts receivable | 21,082 | Notes payable | 16,483 | ||
Inventory | 22,771 | ||||
Current liabilities | $ | 27,012 | |||
Current assets | $ | 58,329 | Long-term debt | $ | 153,700 |
Net fixed assets | $ | 406,294 | Owner's equity | $ | 283,911 |
Total assets | $ | 464,623 | Total liabilities and owners equity | $ | 464,623 |
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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