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Ritter Corporations accountants prepared the following financial statements for year-ends. RITTER CORPORATION Income Statement 2017 Revenue $ 1,095 Expenses 765 Depreciation 100 EBT $ 230
Ritter Corporations accountants prepared the following financial statements for year-ends.
RITTER CORPORATION | |||
Income Statement | |||
2017 | |||
Revenue | $ | 1,095 | |
Expenses | 765 | ||
Depreciation | 100 | ||
EBT | $ | 230 | |
Taxes | 92 | ||
Net income | $ | 138 | |
Dividends | $ | 41 | |
RITTER CORPORATION | ||||||
Balance Sheets | ||||||
December 31 | ||||||
2016 | 2017 | |||||
Assets | ||||||
Cash | $ | 72 | $ | 95 | ||
Other current assets | 226 | 265 | ||||
Net fixed assets | 720 | 829 | ||||
Total assets | $ | 1,018 | $ | 1,189 | ||
Liabilities and Equity | ||||||
Accounts payable | $ | 278 | $ | 292 | ||
Long-term debt | 0 | 60 | ||||
Stockholders equity | 740 | 837 | ||||
Total liabilities and equity | $ | 1,018 | $ | 1,189 | ||
a. What is the change in cash during the year 2017. (Do not round intermediate calculations.) Change in cash $ b. Determine the change in net working capital in 2017. (Do not round intermediate calculations.) Change in net working capital $ c. Determine the cash flow generated by the firms assets during the year 2017. (A negative answer should be indicated by a minus sign. Do not round intermediate calculations.) Cash flow from assets $
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