Question
Ritter Corporations accountants prepared the following financial statements for year-end 2019: RITTER CORPORATION Income Statement 2019 Revenue $ 910 Expenses 645 Depreciation 106 Net income
Ritter Corporations accountants prepared the following financial statements for year-end 2019: RITTER CORPORATION Income Statement 2019 Revenue $ 910 Expenses 645 Depreciation 106 Net income $ 159 Dividends $ 139 RITTER CORPORATION Balance Sheets December 31 2018 2019 Assets Cash $ 71 $ 97 Other current assets 181 202 Net fixed assets 386 406 Total assets $ 638 $ 705 Liabilities and Equity Accounts payable $ 131 $ 157 Long-term debt 156 177 Stockholders equity 351 371 Total liabilities and equity $ 638 $ 705 a. Construct the cash flows statement for 2019. b. Determine the change in net working capital in 2019. c. Determine the cash flow generated by the firms assets during 2019
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