Ritter Corporation's accountants prepared the following financial statements for year-end 2019: (Do not round intermediate calculations.) RITTER CORPORATIONIncome Statement2019Revenue$770Expenses575Depreciation92Net income$103Dividends$83 RITTER CORPORATIONBalance SheetsDecember 3120182019 Assets Cash$57$69Other current assets167174Net fixed assets372392Total assets$596$635 Liabilities and Equity Accounts payable$117$129Long-term debt142149Stockholders' equity337357Total liabilities and equity$596$635 a. What isthe change in cash during 2019? b. Determine the change in net working capital in 2019. c. Determine the cash flow generated by the firm's assets during 2019. Terri Simmons is single and had$171,500 in taxable income. Use the rates fromTable 2.3. 0 - 9,525 10% 9,525, - 38,700. 12% 38,700 - 82, 500 22% 82, 500 - 157,500 24% 157, 500 - 200,000. 32% a. Calculate herincome taxes. (Do not round intermediate calculations and round your answer to the nearest whole dollar amount, e.g., 32.) b. What is the average tax rate? (Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.) c. What is the marginal tax rate? (Do not round intermediate calculations and enter your answer as a percent rounded to the nearest whole number, e.g., 32.) Klingon Cruisers, Inc., purchased new cloaking machinery three years ago for $12 million. The machinery can be sold to the Romulans today for $11 million. Klingon's current balance sheet shows net fixed assets of $9 million, current liabilities of $800,000, and net working capital of $221,000. If all the current accountswere liquidated today, the company would receive $1.03 million cash. a. What is the book value of Klingon's assets today? (Do not round intermediate calculations and enter your answer in dollars, not millions of dollars, e.g., 1,234,567.) b. What is the sum of the NWC and the market value of fixed assets? (Do not round intermediate calculations and enter your answer in dollars, not millions of dollars, e.g., 1,234,567.) During the year, the Senbet Discount Tire Company had gross sales of $1.26 million. The company's cost of goods sold and sellingexpenses were $595,000 and $248,000, respectively. The company also had notes payable of $870,000. These notes carried an interest rate of 7 percent. Depreciation was $125,000. The tax rate was 25 percent. a. What was the company's net income? (Do not round intermediate calculations. Enter your answer in dollars, not millions of dollars, roundedto the nearest whole dollar amount, e.g., 1,234,567.) b. What was the company's operating cash flow? (Do not round intermediate calculations. Enter your answer in dollars, not millions of dollars, roundedto the nearest whole dollar amount, e.g., 1,234,567.) The most recent financial statements for Bello, Inc., are shown here: Income StatementBalance SheetSales$41,000Assets$152,000Debt$45,500Costs27,700Equity106,500Taxable income$13,300Total$152,000Total$152,000Taxes (22%)2,926Net income$10,374 Assets and costs are proportional to sales; debt and equity are not. A dividend of $3,650 was paid, and the company wishes to maintain a constant payout ratio. Next year's sales are projected to be $47,150. What is the external financing needed? (Do not round intermediate calculations.) If the Moran Corp. has an ROE of 20 percent and a payout ratio of 28 percent, what is its sustainable growth rate? (Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.)