Determine the change in net working capital in 2014

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Reference no: EM131338192

RITTER CORPORATION
Income Statement 2014

Revenue $1,035
Expenses 730
Depreciation 75
EBT $ 230
Tax 73
Net Income $ 157
Dividends $ 22

RITTER CORPORATION
Balance Sheets
December 31

	2013	2014
Assets
Cash	$76	$90
Other current assets	246	280
Net fixed assets	650	816
Total assets	$972	$1,186
Liabilities and Equity
Accounts payable	$280	$289
Long Term debt	0	70
Stockholders equity	692	827
Total liabilities and equality	972	1,186

a. Determine the change in net working capital in 2014.

b. Determine the cash fl ow generated by the firm's assets during the year 2014.

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Reference no: EM131338192

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