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2. (10 pts) Ritter Corporation's accountants prepared the following financial statements for year- end 20x2. RITTER CORPORATION Income Statement 20X2 Revenue $400 Expenses 250 Depreciation
2. (10 pts) Ritter Corporation's accountants prepared the following financial statements for year- end 20x2. RITTER CORPORATION Income Statement 20X2 Revenue $400 Expenses 250 Depreciation 50 EBIT $100 Dividends $50 $20 Taxes 20X2 RITTER CORPORATION Balance Sheet December 31 20X1 Assets Cash $5 Other current assets 95 Gross fixed assets 100 Total assets $200 Liabilities and Equity Current liabilities $50 Long-term debt 0 Stockholders' equity 150 Total liabilities and equity $200 What are Ritter's free cash flows from assets? $25 125 200 $350 $75 75 200 $350
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