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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 $ 770 Expenses
Ritter Corporations accountants prepared the following financial statements for year-end 2019: (Do not round intermediate calculations.)
RITTER CORPORATION
Income Statement
2019
Revenue $ 770
Expenses 575
Depreciation 92
Net income $ 103
Dividends $ 83
RITTER CORPORATION
Balance Sheets
December 31
2018 2019
Assets
Cash $ 57 $ 69
Other current assets 167 174
Net fixed assets 372 392
Total assets $ 596 $ 635
Liabilities and Equity
Accounts payable $ 117 $ 129
Long-term debt 142 149
Stockholders equity 337 357
Total liabilities and equity $ 596 $ 635
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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An Introduction To Socio-Finance
Authors: Jørgen Vitting Andersen, Andrzej Nowak
2013th Edition
3642419437, 978-3642419430
