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Ritter Corporations accountants prepared the following financial statements for year-end 2014: RITTER CORPORATION Income Statement 2014 Revenue $ 1,045 Expenses 715 Depreciation 65 EBT 265
Ritter Corporations accountants prepared the following financial statements for year-end 2014: |
RITTER CORPORATION | |||
Income Statement | |||
2014 | |||
Revenue | $ | 1,045 | |
Expenses | 715 | ||
Depreciation | 65 | ||
EBT | 265 | ||
Taxes | 106 | ||
Net income | $ | 159 | |
Dividends | $ | 23 | |
RITTER CORPORATION | |||||||||||||||||
Balance Sheets | |||||||||||||||||
December 31 | |||||||||||||||||
2013 | 2014 | ||||||||||||||||
Assets | |||||||||||||||||
Cash | $ | 68 | $ | 85 | |||||||||||||
Other current assets | 216 | 265 | |||||||||||||||
Net fixed assets | 670 | 819 | |||||||||||||||
Total assets | $ | 954 | $ | 1,169 | |||||||||||||
Liabilities and Equity | |||||||||||||||||
Accounts payable | $ | 268 | $ | 282 | |||||||||||||
Long-term debt | 0 | 65 | |||||||||||||||
Stockholders equity | 686 | 822 | |||||||||||||||
Total liabilities and equity | $ | 954 | $ | 1,169 | |||||||||||||
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