Ritter Corporation's accountants prepared the following financial statements for year-end 2010: 1. Explain the change in cash

Question:

Ritter Corporation's accountants prepared the following for year-end 2010:
1. Explain the change in cash during 2010.
2. Determine the change in net working capital in 2010.
3. Determine the cash flow generated by the firm's assets during 2010.
Ritter income Statement 2010
Revenue............................$600
Expense..............................405
Depreciation..........................90
Net Income.........................$105
Dividends............................$45
Ritter December 31
2010..............................2009
Assets.............................................
Cash..............................$50..........$35
Other current assets............155..........140
Net fixed assets.................340.........290
Total assets.....................$545........$465
Liabilities and Equity..........$545.......$465
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