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prepare the statement of cash flow and calculate the ccc 23. Cash Flow Identity....

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prepare the statement of cash flow and calculate the ccc

23. Cash Flow Identity. Graffiti Advertising, Inc., reported the following financial statements for the last two years. Construct the cash flow identity for the company. Explain what each number means. GRAFFITI ADVERTISING, INC. Balance Sheet as of December 31, 2013 \begin{tabular}{|c|c|c|c|} \hline Cash & $14,652 & Accounts payable & 10,53515,858 \\ \hline Accounts receivable & 20,893 & Notes payable & $26,393 \\ \hline Inventory & 15,173 & Current liabilities & $150,500 \\ \hline CurrentassetsNetfixedassets & $50,718$378,869 & Long-termdebtOwnersequity & $252,694 \\ \hline Total assets & $429,587 & Totalliabilitiesandownersequity & $429,587 \\ \hline \end{tabular} GRAFFITI ADVERTISING, INC. Balance Sheet as of December 31, 2014 \begin{tabular}{|c|c|c|c|} \hline Cash & $15,73723,209 & AccountspayableNotespayable & $11,56318,113 \\ \hline AccountsreceivableInventory & 23,20925,029 & Current liabilities & $29,676 \\ \hline Current assets & $63,975 & Long-term debt & $167,200 \\ \hline Net fixed assets & $446,942 & OwnersequityTotalliabilitiesand & $314,041 \\ \hline Total assets & $510,917 & owners' equity & $510,917 \\ \hline \end{tabular}

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