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Question 4: Ritter Corporation's accountants prepared the following financial statements for year-end 2012: RITTER CORPORATION RITTER CORPORATION Income Statement Balance sheets 2012 December 31 Revenue
Question 4: Ritter Corporation's accountants prepared the following financial statements for year-end 2012: RITTER CORPORATION RITTER CORPORATION Income Statement Balance sheets 2012 December 31 Revenue $750 2012 2011 Expenses 565 Assets Depreciation 90 Cash $65 S55 Net Income $95 Other current assets 170 165 Dividends S75 Net fixed assets 390 370 Total assets $625 $590 Liabilities and Equity Accounts payable $125 $115 Long-term debt 145 140 Stockholders' equity 355 335 Total liabilities and equity $625 S590 Explain the change in cash during 2012
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