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Problem 2-11 Cash Flows Ritter Corporations accountants prepared the following financial statements for year-end 2015: (Do not round intermediate calculations.) RITTER CORPORATION Income Statement 2015

Problem 2-11 Cash Flows

Ritter Corporations accountants prepared the following financial statements for year-end 2015: (Do not round intermediate calculations.)

RITTER CORPORATION
Income Statement
2015
Revenue $ 920
Expenses 650
Depreciation 107
Net income $ 163
Dividends $ 143

RITTER CORPORATION
Balance Sheets
December 31
2015 2014
Assets
Cash $ 99 $ 72
Other current assets 204 182
Net fixed assets 407 387
Total assets $ 710 $ 641
Liabilities and Equity
Accounts payable $ 159 $ 132
Long-term debt 179 157
Stockholders equity 372 352
Total liabilities and equity $ 710 $ 641

a. What is the change in cash during 2015?

Change in cash $

b. Determine the change in net working capital in 2015.

Change in net working capital $

c. Determine the cash flow generated by the firms assets during 2015.

Cash flow from assets $

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