Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Graffiti Advertising, Incorporated, reported the following financial statements for the last two years. 2 0 2 2 Income Statement Sales $ 5 6 6 ,

Graffiti Advertising, Incorporated, reported the following financial statements for the last two years.
2022 Income Statement
Sales $ 566,700
Costs of goods sold 274,010
Selling & administrative 124,730
Depreciation 54,573
EBIT $ 113,387
Interest 19,362
EBT $ 94,025
Taxes 37,610
Net income $ 56,415
Dividends $ 9,900
Addition to retained earnings 46,515
GRAFFITI ADVERTISING, INCORPORATED
Balance Sheet as of December 31,2021
Cash $ 13,350 Accounts payable $ 9,501
Accounts receivable 18,991 Notes payable 14,505
Inventory 13,797 Current liabilities $ 24,006
Current assets $ 46,138 Long-term debt $ 136,560
Net fixed assets $ 344,516 Owners' equity $ 230,088
Total assets $ 390,654 Total liabilities and owners equity $ 390,654
GRAFFITI ADVERTISING, INCORPORATED
Balance Sheet as of December 31,2022
Cash $ 14,336 Accounts payable $ 10,515
Accounts receivable 21,096 Notes payable 16,469
Inventory 22,757 Current liabilities $ 26,984
Current assets $ 58,189 Long-term debt $ 152,300
Net fixed assets $ 406,308 Owners' equity $ 285,213
Total assets $ 464,497 Total liabilities and owners equity $ 464,497
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.

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Production And Operations Analysis

Authors: Steven Nahmias, Tava Lennon Olsen

7th Edition

1478623063, 9781478623069

More Books

Students also viewed these Finance questions