Ritter Corporations accountants prepared the following financial statements for year-ends. RITTER CORPORATION Income Statement 2017 Revenue................................$1,068 Expenses....................................745

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Ritter Corporation€™s accountants prepared the following financial statements for year-ends.

RITTER CORPORATION
 Income Statement
 2017

  Revenue................................$1,068
  Expenses....................................745
  Depreciation................................77
  EBT...........................................$ 246
  Tax................................................98
  Net income.............................$ 148
  Dividends..................................$ 40


RITTER CORPORATION Balance Sheets December 31 2016 2017 Assets $ 81 $ 93 Cash Other current assets 253 265 Net fixed ass


a. Explain the change in cash during the year 2017.
b. Determine the change in net working capital in 2017.
c. Determine the cash flow generated by the firm€™s assets during the year 2017

Financial Statements
Financial statements are the standardized formats to present the financial information related to a business or an organization for its users. Financial statements contain the historical information as well as current period’s financial...
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Corporate Finance Core Principles and Applications

ISBN: 978-1259289903

5th edition

Authors: Stephen Ross, Randolph Westerfield, Jeffrey Jaffe, Bradford Jordan

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