Question: a. 16 is correct b. 11 is correct c. 110 is wrong Operating Cash Flow = 119 + 96 = 215 396-376+96=116 215-116-11=110 Can you
a. 16 is correct
b. 11 is correct
c. 110 is wrong Operating Cash Flow = 119 + 96 = 215 396-376+96=116 215-116-11=110 Can you explain what I'm doing wrong?
Ritter Corporation's accountants prepared the following financial statements for year-end 2019: (Do not round intermediate calculations.) RITTER CORPORATION Income Statement 2019 Revenue $ 810 Expenses 595 Depreciation 96 Net income $ 119 Dividends $ 99 2019 RITTER CORPORATION Balance Sheets December 31 2018 Assets Cash $ 61 Other current assets 171 Net fixed assets 376 $ 77 182 396 Total assets $608 $655 Liabilities and Equity Accounts payable Long-term debt Stockholders' equity $ 121 146 341 $ 137 157 361 Total liabilities and equity $608 $655 a. What is the change in cash during 2019? b. Determine the change in net working capital in 2019. c. Determine the cash flow generated by the firm's assets during 2019. a. Change in cash b. Change in net working capital c. Cash flow from assets
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
