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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 $ 840 Expenses
Ritter Corporations accountants prepared the following financial statements for year-end 2019: (Do not round intermediate calculations.) |
RITTER CORPORATION | ||
Income Statement | ||
2019 | ||
Revenue | $ | 840 |
Expenses | 610 | |
Depreciation | 99 | |
Net income | $ | 131 |
Dividends | $ | 111 |
RITTER CORPORATION | |||||
Balance Sheets | |||||
December 31 | |||||
2018 | 2019 | ||||
Assets | |||||
Cash | $ | 64 | $ | 83 | |
Other current assets | 174 | 188 | |||
Net fixed assets | 379 | 399 | |||
Total assets | $ | 617 | $ | 670 | |
Liabilities and Equity | |||||
Accounts payable | $ | 124 | $ | 143 | |
Long-term debt | 149 | 163 | |||
Stockholders equity | 344 | 364 | |||
Total liabilities and equity | $ | 617 | $ | 670 | |
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c. | Determine the cash flow generated by the firms assets during 2019. |
a.Change in cash $19
b.Change in net working capital $14
c.Cash flow from assets
Only need part C
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