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Ritter Corporations accountants prepared the following financial statements for year-end 2021: (Do not round intermediate calculations.) RITTER CORPORATION Income Statement 2021 Revenue $ 860 Expenses
Ritter Corporations accountants prepared the following financial statements for year-end 2021: (Do not round intermediate calculations.) |
RITTER CORPORATION | |
Income Statement | |
2021 | |
Revenue | $ 860 |
---|---|
Expenses | 620 |
Depreciation | 101 |
Net income | $ 139 |
Dividends | $ 119 |
RITTER CORPORATION | ||
Balance Sheet | ||
December 31 | ||
2020 | 2021 | |
---|---|---|
Assets | ||
Cash | $ 66 | $ 87 |
Other current assets | 176 | 192 |
Net fixed assets | 381 | 401 |
Total assets | $ 623 | $ 680 |
Liabilities and Equity | ||
Accounts payable | $ 126 | $ 147 |
Long-term debt | 151 | 167 |
Stockholders equity | 346 | 366 |
Total liabilities and equity | $ 623 | $ 680 |
a. | What is the change in cash during 2021? |
b. | Determine the change in net working capital in 2021. |
c. | Determine the cash flow generated by the firms assets during 2021. |
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