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.

Answer and Explanation:

Missing information in the question:

Graffiti Advertising, Inc., reported the following financial statements for the last two years. 2016 Income Statement Sales $ 574,200 Costs of goods sold 273,935 Selling and administrative 124,715 Depreciation 54,558 EBIT $ 120,992 Interest 19,692 EBT $ 101,300 Taxes 40,520 Net income $ 60,780 Dividends $ 11,400 Addition to retained earnings $ 49,380 GRAFFITI ADVERTISING, INC. Balance Sheet as of December 31, 2015 Cash $ 13,500 Accounts payable $ 9,486 Accounts receivable 18,976 Notes payable 14,490 Inventory 13,812 Current liabilities $ 23,976 Current assets $ 46,288 Long-term debt $ 135,360 Net fixed assets $ 344,966 Owner's equity $ 231,918 Total assets $ 391,254 Total liabilities and owners’ equity $ 391,254 GRAFFITI ADVERTISING, INC. Balance Sheet as of December 31, 2016 Cash $ 14,486 Accounts payable $ 10,530 Accounts receivable 21,081 Notes payable 16,484 Inventory 22,772 Current liabilities $ 27,014 Current assets $ 58,339 Long-term debt $ 153,800 Net fixed assets $ 406,293 Owner's equity $ 283,818 Total assets $ 464,632 Total liabilities and owners’ equity $ 464,632

The computation is shown below:

Cash flow to creditors is

= Interest expense - long term debt on 2016 + long term debt on 2015

= $19,692 - $153,800 + $135,360

= $1,252

And, the cash flow to stockholder is

= Dividend paid - owner equity 2016 + owner equity 2015 + retained earnings

= $11,400 - $283,818 + $231,918 + $49,380

= $8,880

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