What is the change in cash

Reference no: EM132074741

Question: Ritter Corporation's accountants prepared the following financial statements for year-end 2015: (Do not round intermediate calculations.) RITTER CORPORATION Income Statement 2015 Revenue $ 770 Expenses 575 Depreciation 92 Net income $ 103 Dividends $ 83 RITTER CORPORATION Balance Sheets December 31 2015 2014 Assets Cash $ 69 $ 57 Other current assets 174 167 Net fixed assets 392 372 Total assets $ 635 $ 596 Liabilities and Equity Accounts payable $ 129 $ 117 Long-term debt 149 142 Stockholders' equity 357 337 Total liabilities and equity $ 635 $ 596

a. What is the change in cash during 2015? Change in cash $

b. Determine the change in net working capital in 2015. Change in net working capital $

c. Determine the cash flow generated by the firm's assets during 2015. Cash flow from assets $

Reference no: EM132074741

Questions Cloud

On what amount will he be required to pay taxes by us law : Mohammed purchased a house for $150,000 and spent $50,000 to renovate it. He lived in the house for 10 years and can sell it today for $500,000.

Reflect on the procedures and content found in the article : A detailed feasibility study is an essential element in the process of diligently assessing any new health services business venture.

Discuss the merits and problems of the statement : It is better to rely on stereotypes than to enter into a relationship with someone from another culture without any idea of what they believe in.

Ramifications of opposing objectives on the project : Discuss possible ramifications of these opposing objectives on the project. What would you do if you were the manager?

What is the change in cash : Ritter Corporation's accountants prepared the following financial statements for year-end 2015: (Do not round intermediate calculations.)

Calculate the present value of total outflows : The Robinson Corporation has $25 million of bonds outstanding that were issued at a coupon rate of 10.750 percent seven years ago.

How effective do you think behavior-based interviews : What evidence from additional sources supports your opinion? What are the reasons employers use the employment interview to fill job openings?

What is the risk premium on a small cap index : What is the risk premium on a small cap index with an expected return of 13.2% and 25.4% volatility? Assume the risk free rate is 3.9%.

What happens to the roberto and helen joint tenancy : What happens to the Roberto's and Helen's joint tenancy when Roberto moves out? What amount of the mobile home property will be included in Roberto's estate.

User Account

All Pages