Question
RRitter Corporations accountants prepared the following financial statements for year end 20w9: RITTER CORPORATION Income Statement 2019 Revenue. 910 Expenses. 645 Depreciation. 106 Net Income.
RRitter Corporation"s accountants prepared the following financial statements for year end 20w9:
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. 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. 638. 705
a. What is the change in cash during 2019?
b. Determine the cash flow generated by firm's assets during 2018.
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Intermediate Financial Management
Authors: Eugene F. Brigham, Phillip R. Daves
11th edition
978-1111530266
