Question
Cash Flows Ritter Corporation's accountants prepared the following financial statements for year end 2014. a. Determine the change in net working capital in 2014. b.
Cash Flows Ritter Corporation's accountants prepared the following financial statements for year end 2014.
a. Determine the change in net working capital in 2014.
b. Determine the cash flow generated by the firm's assets during the year 2014.
| Ritter Corporation | |
| Income Statement 2014 | |
|
|
|
Revenue |
| $1,035 |
Expenses | 730 | |
Depreciation | 75 | |
EBT | $230 | |
Tax | 73 | |
Net income | $157 | |
Dividends |
| $22 |
| Ritter Corporation | |
| Balance Sheets | |
| 31-Dec |
|
| 2013 | 2014 |
Assets | $76 | $90 |
Cash | 246 | 280 |
Other current assets | 650 | 816 |
Net fixed assets | $972 | $1,186 |
Total assets |
| |
Liabilities and Equity |
| |
Accounts payable | $280 | $289 |
Long-term debt | 0 | $70 |
Stockholders' equity | 692 | 827 |
Total liabilities and equity | $972 | $1,186 |
Thank you please show how you got the answer of these questions.
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