Question
Ritter Corporation’s accountants prepared the following financial statements for year-end 2019: (Do not round intermediate calculations.)...
|
Ritter Corporation’s accountants prepared the following financial statements for year-end 2019: (Do not round intermediate calculations.) |
| RITTER CORPORATION | ||
| Income Statement | ||
| 2019 | ||
| Revenue | $ | 840 |
| Expenses | 610 | |
| Depreciation | 99 | |
| Net income | $ | 131 |
| Dividends | $ | 111 |
| RITTER CORPORATION | |||||
| Balance Sheets | |||||
| December 31 | |||||
| 2018 | 2019 | ||||
| Assets | |||||
| Cash | $ | 64 | $ | 83 | |
| Other current assets | 174 | 188 | |||
| Net fixed assets | 379 | 399 | |||
| Total assets | $ | 617 | $ | 670 | |
| Liabilities and Equity | |||||
| Accounts payable | $ | 124 | $ | 143 | |
| Long-term debt | 149 | 163 | |||
| Stockholders’ equity | 344 | 364 | |||
| Total liabilities and equity | $ | 617 | $ | 670 | |
|
| c. | Determine the cash flow generated by the firm’s assets during 2019. |
a.Change in cash $19
b.Change in net working capital $14
c.Cash flow from assets
Only need part C
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