Graffiti Advertising, Incorporated, reported the following financial statements for the last two years. 2021 Income Statement...

   

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Graffiti Advertising, Incorporated, reported the following financial statements for the last two years. 2021 Income Statement Sales Costs of goods sold Selling & administrative Depreciation EBIT Interest EBT Taxes Net income $ 574,700 273,930 124,714 54,557 $121,499 19,714 $ 101,785 40,714 61,071 Dividends Addition to retained earnings Cash $11,500 $ 49,571 GRAFFITI ADVERTISING, INCORPORATED Balance Sheet as of December 31, 2020 $13,510 Accounts payable Accounts receivable Inventory 18,975 Notes payable 13,813 Current liabilities Current assets Net fixed assets $ 46,298 Long-term debt $344,996 Owners' equity $9,485 14,489 $ 23,974 $ 135,280 $ 232,040 Total assets Total liabilities $ $ 391,294 and owners' equity 391,294 Cash Accounts receivable Inventory GRAFFITI ADVERTISING, INCORPORATED Balance Sheet as of December 31, 2021 $14,496 Accounts payable 21,080 Notes payable $ 10,531 16,485 22,773 Current liabilities $27,016 $ Current assets $58,349 Long-term debt 153,900 $ Net fixed assets $406,292 Owners' equity 283,725 Total assets $464,641 Total liabilities and owners' equity $ 464,641 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 d your answer to the nearest whole number, e.g., 32.) 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 b. Change in net working capital c. Net capital spending d. Cash flow from assets e. Cash flow to creditors f. Cash flow to stockholders Graffiti Advertising, Incorporated, reported the following financial statements for the last two years. 2021 Income Statement Sales Costs of goods sold Selling & administrative Depreciation EBIT Interest EBT Taxes Net income $ 574,700 273,930 124,714 54,557 $121,499 19,714 $ 101,785 40,714 61,071 Dividends Addition to retained earnings Cash $11,500 $ 49,571 GRAFFITI ADVERTISING, INCORPORATED Balance Sheet as of December 31, 2020 $13,510 Accounts payable Accounts receivable Inventory 18,975 Notes payable 13,813 Current liabilities Current assets Net fixed assets $ 46,298 Long-term debt $344,996 Owners' equity $9,485 14,489 $ 23,974 $ 135,280 $ 232,040 Total assets Total liabilities $ $ 391,294 and owners' equity 391,294 Cash Accounts receivable Inventory GRAFFITI ADVERTISING, INCORPORATED Balance Sheet as of December 31, 2021 $14,496 Accounts payable 21,080 Notes payable $ 10,531 16,485 22,773 Current liabilities $27,016 $ Current assets $58,349 Long-term debt 153,900 $ Net fixed assets $406,292 Owners' equity 283,725 Total assets $464,641 Total liabilities and owners' equity $ 464,641 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 d your answer to the nearest whole number, e.g., 32.) 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 b. Change in net working capital c. Net capital spending d. Cash flow from assets e. Cash flow to creditors f. Cash flow to stockholders

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