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will rate! please help :) Problem 2-11 Cash Flows Ritter Corporation's accountants prepared the following financial statements for year-end 2019: (Do not round intermediate calculations.)
will rate! please help :)
Problem 2-11 Cash Flows Ritter Corporation's accountants prepared the following financial statements for year-end 2019: (Do not round intermediate calculations.) RITTER CORPORATION Income Statement 2019 Revenue $950 Expenses 665 Depreciation 110 Net income $ 175 Dividends $ 155 2019 RITTER CORPORATION Balance Sheets December 31 2018 Assets Cash $ 75 Other current assets 185 Net fixed assets 390 $ 105 10 410 Total assets $650 $725 Liabilities and Equity Accounts payable Long-term debt Stockholders' equity $ 135 160 355 $ 165 185 375 Total liabilities and equity $650 $725 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. Answer is complete but not entirely correct. a. $ 26 b. Change in cash Change in net working capital Cash flow from assets $ 21 x c. $ 118Step by Step Solution
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