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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

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