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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 $ 920 Expenses
Ritter Corporations accountants prepared the following financial statements for year-end 2015: (Do not round intermediate calculations.) |
RITTER CORPORATION | ||
Income Statement | ||
2015 | ||
Revenue | $ | 920 |
Expenses | 650 | |
Depreciation | 107 | |
Net income | $ | 163 |
Dividends | $ | 143 |
RITTER CORPORATION | |||||
Balance Sheets | |||||
December 31 | |||||
2015 | 2014 | ||||
Assets | |||||
Cash | $ | 99 | $ | 72 | |
Other current assets | 204 | 182 | |||
Net fixed assets | 407 | 387 | |||
Total assets | $ | 710 | $ | 641 | |
Liabilities and Equity | |||||
Accounts payable | $ | 159 | $ | 132 | |
Long-term debt | 179 | 157 | |||
Stockholders equity | 372 | 352 | |||
Total liabilities and equity | $ | 710 | $ | 641 | |
a. | What is the 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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