Question: Ritter Corporation s accountants prepared the following financial statements for year end

Ritter Corporation’s accountants prepared the following financial statements for year-end 2012:
RITTER CORPORATION
Income Statement
2012
Revenue ......... $750
Expenses .......... 565
Depreciation ....... 90
Net income ........ $ 95
Dividends ......... $ 75


a. Explain the change in cash during 2012.
b. Determine the change in net working capital in 2012.
c. Determine the cash flow generated by the firm’s assets during 2012.
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  • CreatedAugust 28, 2014
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