Cash Accounts receivable Inventory Current assets Net fixed assets Total assets GRAFFITI ADVERTISING, INCORPORATED Balance Sheet as of December 31, 2022 $ 14,396 21,090 22,763 Accounts payable Notes payable Current liabilities Long-term debt $ 10,521 16,475 $ 26,996 $ 152,900 $ 58,249 $ 406,302 Owners' equity $ 284,655 $ 464,551 Total liabilities and owners' equity $ 464,551 a. Calculate the operating cash flow. Note: 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. Note: Do not round intermediate calculations and round your answer to the nearest whole number, e.g., 32. c. Calculate the net capital spending. Note: Do not round intermediate calculations and round your answer to the nearest whole number, e.g., 32. d. 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. e. Calculate the cash flow to creditors. Note: Do not round intermediate calculations and round your answer to the nearest whole number, e.g., 32. f. 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. $ 569,700 273,980 124,724 54,567 Graffiti Advertising, Incorporated, reported the following financial statements for the last two years. Sales 2022 Income Statement Costs of goods sold Selling & administrative Depreciation EBIT Interest EBT Taxes Net income Dividends Addition to retained earnings Cash Accounts receivable. $ 116,429 19,494 $ 96,935 38,774 $ 58,161 $ 10,500 47,661 GRAFFITI ADVERTISING, INCORPORATED Balance Sheet as of December 31, 2021 $ 13,410 18,985 13,803 Accounts payable Notes payable Current liabilities Inventory Current assets $ 46,198 $ 9,495 14,499 $ 23,994 $ 136,080 Net fixed assets $ 344,696 $ 230,820 Total assets $ 390,894 Total liabilities and owners' equity $ 390,894 Long-term debt Owners' equity

Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
Problem 1PS
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Cash
Accounts receivable
Inventory
Current assets
Net fixed assets
Total assets
GRAFFITI ADVERTISING, INCORPORATED
Balance Sheet as of December 31, 2022
$ 14,396
21,090
22,763
Accounts payable
Notes payable
Current liabilities
Long-term debt
$ 10,521
16,475
$ 26,996
$ 152,900
$ 58,249
$ 406,302
Owners' equity
$ 284,655
$ 464,551
Total liabilities and owners' equity
$ 464,551
a. Calculate the operating cash flow.
Note: 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.
Note: Do not round intermediate calculations and round your answer to the nearest whole number, e.g., 32.
c. Calculate the net capital spending.
Note: Do not round intermediate calculations and round your answer to the nearest whole number, e.g., 32.
d. 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.
e. Calculate the cash flow to creditors.
Note: Do not round intermediate calculations and round your answer to the nearest whole number, e.g., 32.
f. 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.
Transcribed Image Text:Cash Accounts receivable Inventory Current assets Net fixed assets Total assets GRAFFITI ADVERTISING, INCORPORATED Balance Sheet as of December 31, 2022 $ 14,396 21,090 22,763 Accounts payable Notes payable Current liabilities Long-term debt $ 10,521 16,475 $ 26,996 $ 152,900 $ 58,249 $ 406,302 Owners' equity $ 284,655 $ 464,551 Total liabilities and owners' equity $ 464,551 a. Calculate the operating cash flow. Note: 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. Note: Do not round intermediate calculations and round your answer to the nearest whole number, e.g., 32. c. Calculate the net capital spending. Note: Do not round intermediate calculations and round your answer to the nearest whole number, e.g., 32. d. 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. e. Calculate the cash flow to creditors. Note: Do not round intermediate calculations and round your answer to the nearest whole number, e.g., 32. f. 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.
$ 569,700
273,980
124,724
54,567
Graffiti Advertising, Incorporated, reported the following financial statements for the last two years.
Sales
2022 Income Statement
Costs of goods sold
Selling & administrative
Depreciation
EBIT
Interest
EBT
Taxes
Net income
Dividends
Addition to retained earnings
Cash
Accounts receivable.
$ 116,429
19,494
$ 96,935
38,774
$ 58,161
$ 10,500
47,661
GRAFFITI ADVERTISING, INCORPORATED
Balance Sheet as of December 31, 2021
$ 13,410
18,985
13,803
Accounts payable
Notes payable
Current liabilities
Inventory
Current assets
$ 46,198
$ 9,495
14,499
$ 23,994
$ 136,080
Net fixed assets
$ 344,696
$ 230,820
Total assets
$ 390,894
Total liabilities and owners' equity
$ 390,894
Long-term debt
Owners' equity
Transcribed Image Text:$ 569,700 273,980 124,724 54,567 Graffiti Advertising, Incorporated, reported the following financial statements for the last two years. Sales 2022 Income Statement Costs of goods sold Selling & administrative Depreciation EBIT Interest EBT Taxes Net income Dividends Addition to retained earnings Cash Accounts receivable. $ 116,429 19,494 $ 96,935 38,774 $ 58,161 $ 10,500 47,661 GRAFFITI ADVERTISING, INCORPORATED Balance Sheet as of December 31, 2021 $ 13,410 18,985 13,803 Accounts payable Notes payable Current liabilities Inventory Current assets $ 46,198 $ 9,495 14,499 $ 23,994 $ 136,080 Net fixed assets $ 344,696 $ 230,820 Total assets $ 390,894 Total liabilities and owners' equity $ 390,894 Long-term debt Owners' equity
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