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Ritter Corporations accountants prepared the following financial statements for year-end 2012: (Do not round intermediate calculations.) RITTER CORPORATION Income Statement 2012 Revenue $ 790 Expenses
Ritter Corporations accountants prepared the following financial statements for year-end 2012: (Do not round intermediate calculations.) |
RITTER CORPORATION | ||
Income Statement | ||
2012 | ||
Revenue | $ | 790 |
Expenses | 585 | |
Depreciation | 94 | |
Net income | $ | 111 |
Dividends | $ | 91 |
RITTER CORPORATION | |||||
Balance Sheets | |||||
December 31 | |||||
2012 | 2011 | ||||
Assets | |||||
Cash | $ | 73 | $ | 59 | |
Other current assets | 178 | 169 | |||
Net fixed assets | 394 | 374 | |||
Total assets | $ | 645 | $ | 602 | |
Liabilities and Equity | |||||
Accounts payable | $ | 133 | $ | 119 | |
Long-term debt | 153 | 144 | |||
Stockholders equity | 359 | 339 | |||
Total liabilities and equity | $ | 645 | $ | 602 | |
a. | What is the change in cash during 2012? |
Change in cash | $ |
b. | Determine the change in net working capital in 2012. |
Net working capital | $ |
c. | Determine the cash flow generated by the firms assets during 2012. |
Cash flow from assets | $ |
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