Ritter Corporations accountants prepared the following financial statements for year-end 2021: a. Explain the change in cash
Question:
Ritter Corporation’s accountants prepared the following financial statements for year-end 2021:
a. Explain the change in cash during 2021.
b. Determine the change in net working capital in 2021.
c. Determine the cash flow generated by the firm’s assets during 2021.
Transcribed Image Text:
Revenue Expenses Depreciation Net income Dividends RITTER CORPORATION Income Statement 2021 $781 539 94 $148 $115
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Related Book For
Corporate Finance
ISBN: 9781260772388
13th Edition
Authors: Stephen Ross, Randolph Westerfield, Jeffrey Jaffe
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