one question
Saved 2019 Income Statement 566,700 Sales Costs of goods sold 274,010 Selling & administrative 124,730 Depreciation 54,573 EBIT Interest 20 $ 113,387 19,362 Taxes $ 94,025 37,610 Net income $ 56,415 Dividends Addition to retained earnings $ 9,900 $ 46,515 GRAFFITI ADVERTISING, INC. Balance Sheet as of December 31, 2018 Cash $ 13,350 Accounts payable Accounts receivable 18,991 Notes payable Inventory 13,797 Current liabilities Current assets 46,138 Long-term debt Net fixed assets $ 344,516 Owners' equity $ 9,501 14,505 $24,006 136,560 $230,088 Total assets $390,654 Total liabilities and owners' equity $390,654 Prey BE 1 of 1 GRAFFITI ADVERTISING, INC. Balance Sheet as of December 31, 2019 Cash $ 14,336 Accounts payable Accounts receivable 21,096 Notes payable Inventory 22,757 Current liabilities $ 10,515 16,469 $ 26,984 Current assets $ 58,189 Long-term debt 152,300 $ 285,213 Net fixed assets $ 406,308 Owners' equity $ Total assets 464,497 Total liabilities and owners' equity $ 464,497 a. Calculate the operating cash flow. (Do not round intermediate calculations and round your answer to the nearest whole number, e.g., 32.) b. Calculate the change in net working capital. (Do not round intermediate calculations and round your answer to the nearest whole number, e.g., 32.) c. Calculate the net capital spending. (Do not round intermediate calculations and round your answer to the nearest whole number, e.g., 32.) d. Calculate the cash flow from assets. (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.) e. Calculate the cash flow to creditors. (Do not round intermediate calculations and round your answer to the nearest whole number, e.g., 32.) f. Calculate the cash flow to stockholders. (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 bo a. Calculate the operating cash flow. (Do not round intermedia round your answer to the nearest whole number, e.g., 32.) b. Calculate the change in net working capital. (Do not round ir and round your answer to the nearest whole number, e.g., c. Calculate the net capital spending. (Do not round intermedia round your answer to the nearest whole number, e.g., 32.) d. Calculate the cash flow from assets. (A negative answer sho minus sign. Do not round intermediate calculations and rou nearest whole number, e.g., 32.) e. Calculate the cash flow to creditors. (Do not round intermedi round your answer to the nearest whole number, e.g., 32.) f. Calculate the cash flow to stockholders. (A negative answers a minus sign. Do not round intermediate calculations and ro nearest whole number, e.g., 32.) C. a. Operating cash flow b. Change in net working capital Net capital spending d. Cash flow from assets Cash flow to creditors f. Cash flow to stockholders e
