Graffiti Advertising, Incorporated, reported the following financial statements for the last two years. 2022 Income Statement Sales Costs of goods sold Selling & administrative Depreciation EBIT Interest EBT Taxes Net income Dividends Addition to retained earnings Cash Accounts receivable Inventory Current assets Net fixed assets Total assets Cash Accounts receivable Inventory Current assets Net fixed assets Total assets $ 13,500 18,976 13,812 $ 46,288 $ 344,966 $ 391,254 $574,200 273,935 124,715 54,558 $ 120,992 19,692 GRAFFITI ADVERTISING, INCORPORATED Balance Sheet as of December 31, 2021 Accounts payable Notes payable $ 14,486 21,081 22,772 $ 101,300 40,520 $ 60,780 $ 11,400 49,380 Current liabilities Long-term debt Owners' equity Total liabilities and owners' equity GRAFFITI ADVERTISING, INCORPORATED Balance Sheet as of December 31, 2022 Accounts payable Notes payable Current liabilities $ 58,339 Long-term debt $ 406,293 Owners' equity $ 464,632 Total liabilities and owners' equity $9,486 14,490 $ 23,976 $ 135,360 $ 231,918 $ 391,254 $ 10,530 16,484 $ 27,014 $ 153,800 $283,818 $ 464,632 a. Calculate the operating cash flow. Note: Do not round intermediate calculations and round your answer to the nearest whole number, e.g., 32.

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Chapter1: Financial Statements And Business Decisions
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Calculate the operating cash flow.

Graffiti Advertising, Incorporated, reported the following financial statements for the last two years.
2022 Income Statement
Sales
Costs of goods sold
Selling & administrative
Depreciation
EBIT
Interest
EBT
Taxes
Net income
Dividends
Addition to retained earnings
Cash
Accounts receivable
Inventory
Current assets
Net fixed assets
Total assets
Cash
Accounts receivable
Inventory
Current assets
Net fixed assets
Total assets
$ 13,500
18,976
13,812
$ 46,288
$ 344,966
$ 391,254
$574,200
273,935
124,715
54,558
$ 120,992
19,692
$ 14,486
21,081
22,772
$ 101,300
40,520
$ 60,780
GRAFFITI ADVERTISING, INCORPORATED
Balance Sheet as of December 31, 2021
Accounts payable
Notes payable
Current liabilities
Long-term debt
Owners' equity
Total liabilities and owners' equity
$ 11,400
49,380
GRAFFITI ADVERTISING, INCORPORATED
Balance Sheet as of December 31, 2022
Accounts payable
Notes payable
Current liabilities
Long-term debt
$ 58,339
$ 406,293
Owners' equity
$ 464,632 Total liabilities and owners' equity
$9,486
14,490
$ 23,976
$ 135,360
$ 231,918
$ 391,254
$ 10,530
16,484
$ 27,014
$ 153,800
$283,818
$ 464,632
a. Calculate the operating cash flow.
Note: Do not round intermediate calculations and round your answer to the nearest whole number, e.g., 32.
Transcribed Image Text:Graffiti Advertising, Incorporated, reported the following financial statements for the last two years. 2022 Income Statement Sales Costs of goods sold Selling & administrative Depreciation EBIT Interest EBT Taxes Net income Dividends Addition to retained earnings Cash Accounts receivable Inventory Current assets Net fixed assets Total assets Cash Accounts receivable Inventory Current assets Net fixed assets Total assets $ 13,500 18,976 13,812 $ 46,288 $ 344,966 $ 391,254 $574,200 273,935 124,715 54,558 $ 120,992 19,692 $ 14,486 21,081 22,772 $ 101,300 40,520 $ 60,780 GRAFFITI ADVERTISING, INCORPORATED Balance Sheet as of December 31, 2021 Accounts payable Notes payable Current liabilities Long-term debt Owners' equity Total liabilities and owners' equity $ 11,400 49,380 GRAFFITI ADVERTISING, INCORPORATED Balance Sheet as of December 31, 2022 Accounts payable Notes payable Current liabilities Long-term debt $ 58,339 $ 406,293 Owners' equity $ 464,632 Total liabilities and owners' equity $9,486 14,490 $ 23,976 $ 135,360 $ 231,918 $ 391,254 $ 10,530 16,484 $ 27,014 $ 153,800 $283,818 $ 464,632 a. Calculate the operating cash flow. Note: Do not round intermediate calculations and round your answer to the nearest whole number, e.g., 32.
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