Ritter Corporaton's accountants prepared the following financial statements for year-end 2010: a. Explain the change in cash

Question:

Ritter Corporaton's accountants prepared the following financial statements for year-end 2010:

a. Explain the change in cash during 2010.

b. Determine the change in net working capital in 2010.

c. Determine the cash flow generated by the firm's assets during 2010.

RITTER CORPORATION Income Statement 2010 Revenue $600 Expenses 405 Depreciation 90 Net income $105 $ 45 Dividends

Ritter Corporaton's accountants prepared the following financial statements for year-end

Financial Statements
Financial statements are the standardized formats to present the financial information related to a business or an organization for its users. Financial statements contain the historical information as well as current period’s financial...