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Ritter Corporations accountants prepared the following financial statements for year-end 2019: (Do not round intermediate calculations.) RITTER CORPORATION Income Statement 2019 Revenue $ 850 Expenses
Ritter Corporations accountants prepared the following financial statements for year-end 2019: (Do not round intermediate calculations.) |
RITTER CORPORATION | ||
Income Statement | ||
2019 | ||
Revenue | $ | 850 |
Expenses | 615 | |
Depreciation | 100 | |
Net income | $ | 135 |
Dividends | $ | 115 |
RITTER CORPORATION | |||||
Balance Sheets | |||||
December 31 | |||||
2018 | 2019 | ||||
Assets | |||||
Cash | $ | 65 | $ | 85 | |
Other current assets | 175 | 190 | |||
Net fixed assets | 380 | 400 | |||
Total assets | $ | 620 | $ | 675 | |
Liabilities and Equity | |||||
Accounts payable | $ | 125 | $ | 145 | |
Long-term debt | 150 | 165 | |||
Stockholders equity | 345 | 365 | |||
Total liabilities and equity | $ | 620 | $ | 675 | |
a. | What is the change in cash during 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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