Question
RRitter Corporation's accountants prepared the following financial statements for year end 2019. RITTER CORPORATION Income Statement 2019 Revenue. 780 Expenses. 580 Depreciation. 93 Net Income.
RRitter Corporation's accountants prepared the following financial statements for year end 2019.
RITTER CORPORATION
Income Statement
2019
Revenue. 780
Expenses. 580
Depreciation. 93
Net Income. 107
Dividends. 87
RITTER CORPORATION
Balance Sheets
December 31
2018. 2019
Assets
Cash. 58. 71
Other current asset. 168. 176
Net fixed assets. 373. 393
Total assets. 599. 640
Liabilities and Equity
Acoounts payable. 118. 131
Long-term debt. 143. 151
Stockholdees" equity. 338. 358
Total assets. 599. 640
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 firm's assets during 2019.
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Fundamentals of Investments, Valuation and Management
Authors: Bradford Jordan, Thomas Miller, Steve Dolvin
8th edition
1259720697, 1259720691, 1260109437, 9781260109436, 978-1259720697
