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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 $ 910 Expenses
| Ritter Corporations accountants prepared the following financial statements for year-end 2019: (Do not round intermediate calculations.) |
| RITTER CORPORATION | ||
| Income Statement | ||
| 2019 | ||
| Revenue | $ | 910 |
| Expenses | 645 | |
| Depreciation | 106 | |
| Net income | $ | 159 |
| Dividends | $ | 139 |
| RITTER CORPORATION | |||||
| Balance Sheets | |||||
| December 31 | |||||
| 2018 | 2019 | ||||
| Assets | |||||
| Cash | $ | 71 | $ | 97 | |
| Other current assets | 181 | 202 | |||
| Net fixed assets | 386 | 406 | |||
| Total assets | $ | 638 | $ | 705 | |
| Liabilities and Equity | |||||
| Accounts payable | $ | 131 | $ | 157 | |
| Long-term debt | 156 | 177 | |||
| Stockholders equity | 351 | 371 | |||
| Total liabilities and equity | $ | 638 | $ | 705 | |
| a. | What is the change in cash during 2019? |
| b. | Determine the change in net working capital in 2019. |
| c. | Determine the cash flow generated by the firms assets during 2019. |
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