Ritter Corporations accountants prepared the following financial statements for year-end. RITTER CORPORATION Income Statement 2020 Revenue...............$1,282 Expenses..................945
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Ritter Corporation’s accountants prepared the following financial statements for year-end.
RITTER CORPORATION
Income Statement
2020
Revenue...............$1,282
Expenses..................945
Depreciation..............92
EBT.........................$ 245
Tax..............................54
Net income...........$ 191
Dividends................$ 58
a. Explain the change in cash during the year 2020.
b. Determine the change in net working capital in 2020.
c. Determine the cash flow generated by the firm’s assets during the year 2020.
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Related Book For
Corporate Finance Core Principles And Applications
ISBN: 9781260571127
6th Edition
Authors: Stephen Ross, Randolph Westerfield, Jeffrey Jaffe, Bradford Jordan
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