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Ritter Corporations accountants prepared the following financial statements for year-end 2015:(Do not round intermediate calculations.) RITTER CORPORATION Income Statement 2015 Revenue $ 770 Expenses 575
| Ritter Corporations accountants prepared the following financial statements for year-end 2015:(Do not round intermediate calculations.) |
| RITTER CORPORATION | ||
| Income Statement | ||
| 2015 | ||
| Revenue | $ | 770 |
| Expenses | 575 | |
| Depreciation | 92 | |
| Net income | $ | 103 |
| Dividends | $ | 83 |
| RITTER CORPORATION | |||||
| Balance Sheets | |||||
| December 31 | |||||
| 2015 | 2014 | ||||
| Assets | |||||
| Cash | $ | 69 | $ | 57 | |
| Other current assets | 174 | 167 | |||
| Net fixed assets | 392 | 372 | |||
| Total assets | $ | 635 | $ | 596 | |
| Liabilities and Equity | |||||
| Accounts payable | $ | 129 | $ | 117 | |
| Long-term debt | 149 | 142 | |||
| Stockholders equity | 357 | 337 | |||
| Total liabilities and equity | $ | 635 | $ | 596 | |
| a. | What isthe change in cash during 2015? |
| Change in cash | $ |
| b. | Determine the change in net working capital in 2015. |
| Change in net working capital | $ |
| c. | Determine the cash flow generated by the firms assets during 2015. |
| Cash flow from assets | $ |
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Feedback Control Systems Analysis And Design Practice Problems Methods And Solutions
Authors: Mehdi Rahmani-Andebili
1st Edition
3030952762, 978-3030952761
