Graffiti Advertising, Incorporated, reported the following financial statements for the last two years. 2022 Income Statement Sales $ 573,200 Costs of goods sold 273,945 Selling & administrative 124,717 Depreciation 54,560 EBIT $ 119,978 Interest 19,648 EBT $ 100,330 Taxes 40,132 Net income $ 60,198 Dividends $ 11,200 Addition to retained earnings 48,998 GRAFFITI ADVERTISING, INCORPORATED Balance Sheet as of December 31, 2021 Cash $ 13,480 Accounts payable $ 9,488 Accounts receivable 18,978 Notes payable 14,492 Inventory 13,810 Current liabilities $ 23,980 Current assets $ 46,268 Long-term debt $ 135,520 Net fixed assets $ 344,906 Owners' equity $ 231,674 Total assets $ 391,174 Total liabilities and owners’ equity $ 391,174 GRAFFITI ADVERTISING, INCORPORATED Balance Sheet as of December 31, 2022 Cash $ 14,466 Accounts payable $ 10,528 Accounts receivable 21,083 Notes payable 16,482 Inventory 22,770 Current liabilities $ 27,010 Current assets $ 58,319 Long-term debt $ 153,600 Net fixed assets $ 406,295 Owners' equity $ 284,004 Total assets $ 464,614 Total liabilities and owners’ equity $ 464,614 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.

Graffiti Advertising, Incorporated, reported the following financial statements for the last two years. 2022 Income Statement Sales $ 573,200 Costs of goods sold 273,945 Selling & administrative 124,717 Depreciation 54,560 EBIT $ 119,978 Interest 19,648 EBT $ 100,330 Taxes 40,132 Net income $ 60,198 Dividends $ 11,200 Addition to retained earnings 48,998 GRAFFITI ADVERTISING, INCORPORATED Balance Sheet as of December 31, 2021 Cash $ 13,480 Accounts payable $ 9,488 Accounts receivable 18,978 Notes payable 14,492 Inventory 13,810 Current liabilities $ 23,980 Current assets $ 46,268 Long-term debt $ 135,520 Net fixed assets $ 344,906 Owners' equity $ 231,674 Total assets $ 391,174 Total liabilities and owners’ equity $ 391,174 GRAFFITI ADVERTISING, INCORPORATED Balance Sheet as of December 31, 2022 Cash $ 14,466 Accounts payable $ 10,528 Accounts receivable 21,083 Notes payable 16,482 Inventory 22,770 Current liabilities $ 27,010 Current assets $ 58,319 Long-term debt $ 153,600 Net fixed assets $ 406,295 Owners' equity $ 284,004 Total assets $ 464,614 Total liabilities and owners’ equity $ 464,614 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.

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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Question

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

2022 Income Statement
Sales	$ 573,200
Costs of goods sold	273,945
Selling & administrative	124,717
Depreciation	54,560
EBIT	$ 119,978
Interest	19,648
EBT	$ 100,330
Taxes	40,132
Net income	$ 60,198
Dividends	$ 11,200
Addition to retained earnings	48,998

GRAFFITI ADVERTISING, INCORPORATED
Balance Sheet as of December 31, 2021
Cash	$ 13,480	Accounts payable	$ 9,488
Accounts receivable	18,978	Notes payable	14,492
Inventory	13,810	Current liabilities	$ 23,980
Current assets	$ 46,268	Long-term debt	$ 135,520
Net fixed assets	$ 344,906	Owners' equity	$ 231,674
Total assets	$ 391,174	Total liabilities and owners’ equity	$ 391,174

GRAFFITI ADVERTISING, INCORPORATED
Balance Sheet as of December 31, 2022
Cash	$ 14,466	Accounts payable	$ 10,528
Accounts receivable	21,083	Notes payable	16,482
Inventory	22,770	Current liabilities	$ 27,010
Current assets	$ 58,319	Long-term debt	$ 153,600
Net fixed assets	$ 406,295	Owners' equity	$ 284,004
Total assets	$ 464,614	Total liabilities and owners’ equity	$ 464,614

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.

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