Graffiti Advertising, Incorporated, reported the following financial statements for the last two years 2022 Income Statement Sales $ 568,200 Costs of goods sold 273,995 Selling administrative 124,727 Depreciation 54,570 EBIT $ 114,908 Interest 19,428 EBT $ 95,480 Taxes 38,192 Net income $ 57,288 Dividends $ 10,200 Addition to retained earnings 47,088 GRAFFITI ADVERTISING, INCORPORATED Balance Sheet as of December 31, 2021 Cash $ 13,380 Accounts payable $ 9,498 Accounts receivable 18,988 Notes payable 14,502 Inventory 13,800 Current liabilities $ 24,000 Current assets $ 46,168 Long term debt $ 136,320 Net fixed assets $ 344,606 Owners' equity $ 230,454 Total assets $ 390,774 Total liabilities and owners equity $ 390,774 GRAFFITI ADVERTISING, INCORPORATED Balance Sheet as of December 31, 2022 Cash $ 14,366 Accounts payable $ 10,518 Accounts receivable 21,093 Notes payable 16,472 Inventory 22,760 Current liabilities $ 26,990 Current assets $ 58,219 Long term debt $ 152,600 Net fixed assets $ 406,305 Owners' equity $ 284,934 Total assets $ 464,524 Total liabilities and owners equity $ 464,524 Calculate the operating cash flow Note Do not round intermediate calculations and round your answer to the nearest whole number, e g , 32 Calculate the change in net working capital Note Do not round intermediate calculations and round your answer to the nearest whole number, e g , 32 Calculate the net capital spending Note Do not round intermediate calculations and round your answer to the nearest whole number, e g , 32 Calculate the cash flow from assets Note A negative answer should be indicated by a minus sign Do not round intermediate calculations and round your answer to the nearest whole number, e g , 32 Calculate the cash flow to creditors Note Do not round intermediate calculations and round your answer to the nearest whole number, e g , 32 Calculate the cash flow to stockholders Note A negative answer should be indicated by a minus sign Do not round intermediate calculations and round your answer to the nearest whole number, e g , 32 a Operating cash flow b Change in net working capital c Net capital spending d Cash flow from assets e Cash flow to creditors f Cash flow to stockholders

The Answer is in the image, click to view ...

Answered step by step

Verified Expert Solution

Link Copied!

Question

1 Approved Answer

Posted on Sep 18, 2024

Graffiti Advertising, Incorporated, reported the following financial statements for the last two years. 2022 Income Statement Sales $ 568,200 Costs of goods sold 273,995 Selling

Graffiti Advertising, Incorporated, reported the following financial statements for the last two years.

2022 Income Statement
Sales	$ 568,200
Costs of goods sold	273,995
Selling & administrative	124,727
Depreciation	54,570
EBIT	$ 114,908
Interest	19,428
EBT	$ 95,480
Taxes	38,192
Net income	$ 57,288
Dividends	$ 10,200
Addition to retained earnings	47,088

GRAFFITI ADVERTISING, INCORPORATED
Balance Sheet as of December 31, 2021
Cash	$ 13,380	Accounts payable	$ 9,498
Accounts receivable	18,988	Notes payable	14,502
Inventory	13,800	Current liabilities	$ 24,000
Current assets	$ 46,168	Long-term debt	$ 136,320
Net fixed assets	$ 344,606	Owners' equity	$ 230,454
Total assets	$ 390,774	Total liabilities and owners equity	$ 390,774

GRAFFITI ADVERTISING, INCORPORATED
Balance Sheet as of December 31, 2022
Cash	$ 14,366	Accounts payable	$ 10,518
Accounts receivable	21,093	Notes payable	16,472
Inventory	22,760	Current liabilities	$ 26,990
Current assets	$ 58,219	Long-term debt	$ 152,600
Net fixed assets	$ 406,305	Owners' equity	$ 284,934
Total assets	$ 464,524	Total liabilities and owners equity	$ 464,524

Calculate the operating cash flow.

Note: Do not round intermediate calculations and round your answer to the nearest whole number, e.g., 32.

Calculate the change in net working capital.

Note: Do not round intermediate calculations and round your answer to the nearest whole number, e.g., 32.

Calculate the net capital spending.

Note: Do not round intermediate calculations and round your answer to the nearest whole number, e.g., 32.

Calculate the cash flow from assets.

Note: A negative answer should be indicated by a minus sign. Do not round intermediate calculations and round your answer to the nearest whole number, e.g., 32.

Calculate the cash flow to creditors.

Note: Do not round intermediate calculations and round your answer to the nearest whole number, e.g., 32.

Calculate the cash flow to stockholders.

Note: A negative answer should be indicated by a minus sign. Do not round intermediate calculations and round your answer to the nearest whole number, e.g., 32.

a. Operating cash flow
b. Change in net working capital
c. Net capital spending
d. Cash flow from assets
e. Cash flow to creditors
f. Cash flow to stockholders