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Ritter Corporations accountants prepared the following financial statements for year-end 2015: (Do not round intermediate calculations.) RITTER CORPORATION Income Statement 2015 Revenue $ 830 Expenses
Ritter Corporations accountants prepared the following financial statements for year-end 2015: (Do not round intermediate calculations.) |
RITTER CORPORATION | ||
Income Statement | ||
2015 | ||
Revenue | $ | 830 |
Expenses | 605 | |
Depreciation | 98 | |
Net income | $ | 127 |
Dividends | $ | 107 |
RITTER CORPORATION | |||||
Balance Sheets | |||||
December 31 | |||||
2015 | 2014 | ||||
Assets | |||||
Cash | $ | 81 | $ | 63 | |
Other current assets | 186 | 173 | |||
Net fixed assets | 398 | 378 | |||
Total assets | $ | 665 | $ | 614 | |
Liabilities and Equity | |||||
Accounts payable | $ | 141 | $ | 123 | |
Long-term debt | 161 | 148 | |||
Stockholders equity | 363 | 343 | |||
Total liabilities and equity | $ | 665 | $ | 614 | |
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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