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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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