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Ritter Corporations accountants prepared the following financial statements for year-end 2012: RITTER CORPORATION Income Statement 2012 Revenue $ 750 Expenses 565 Depreciation 90 Net income
Ritter Corporations accountants prepared the following financial statements for year-end 2012: |
RITTER CORPORATION | ||
Income Statement | ||
2012 | ||
Revenue | $ | 750 |
Expenses | 565 | |
Depreciation | 90 | |
Net income | $ | 95 |
Dividends | $ | 75 |
RITTER CORPORATION | |||||
Balance Sheets | |||||
December 31 | |||||
2012 | 2011 | ||||
Assets | |||||
Cash | $ | 65 | $ | 55 | |
Other current assets | 170 | 165 | |||
Net fixed assets | 390 | 370 | |||
Total assets | $ | 625 | $ | 590 | |
Liabilities and Equity | |||||
Accounts payable | $ | 125 | $ | 115 | |
Long-term debt | 145 | 140 | |||
Stockholders equity | 355 | 335 | |||
Total liabilities and equity | $ | 625 | $ | 590 | |
a. | What is the change in cash during 2012? (Do not round intermediate calculations.) |
Change in cash | $ |
b. | Determine the change in net working capital in 2012.(Do not round intermediate calculations.) |
Net working capital | $ |
c. | Determine the cash flow generated by the firms assets during 2012. (Do not round intermediate calculations.)
I ALREADY HAVE A & B ANSWERED. PLEASE HELP ME IN ANSWERING PROBLEM (C). PLEASE SHOW ME EXACTLY HOW TO DO IT. I HAVE TRIED IF MANY TIMES WITH NO SUCCESS. I WANT TO UNDERSTAND IT. THANK YOU |
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