Graffiti Advertising, Inc., reported the following financialstatements for the last two years. 2010 Income Statement Sales $565,200 Costs of goods sold 274,025 Selling & administrative124,733...


Graffiti Advertising, Inc., reported the following financial statements for the last two years. 2010 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, 2009 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 ownersAc€?c Equity $ 390,534 GRAFFITI ADVERTISING, INC. Balance Sheet as of December 31, 2010 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 ownersAc€?c Equity $ 464,470 Requirement 1: Calculate the operating cash flow. (Do not include the dollar sign ($).) Operating cash flow $ 118305 Requirement 2: Calculate the change in net working capital. (Do not include the dollar sign ($).) Change in net working capital $ 9085 Requirement 3: Calculate the net capital spending. (Do not include the dollar sign ($).) Net capital spending $ 116461 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 $ -7241 Requirement 5: Calculate the cash flow to creditors. (Do not include the dollar sign ($).) Cash flow to creditors $ 4096 Requirement 6: Calculate the cash flow to stockholders. (Do not include the dollar sign ($). Negative amount should be indicated by a minus sign.) Cash flow to stockholders $ -3145

Nov 11, 2021
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