RITTER CORPORATION Income Statement 2021 Revenue a. Expenses Depreciation b. Net Income Dividends $ 780 580 93 $ 107 RITTER CORPORATION Balance Sheet December 31 $ 87 Assets Cash Other current assets Net fixed assets Total assets Llabilities and Equity Accounts payable Long-term debt Stockholders' equity 2020 2021 $ 58 168 373 $ 599 $ 118 143 338 $71 176 393 $ 640 $ 131 151 Total llabilities and equity $599 $ 640 358 What is the change in cash during 2021? Determine the change in net working capital in 2021. C. Determine the cash flow generated by the firm's assets during 2021.
RITTER CORPORATION Income Statement 2021 Revenue a. Expenses Depreciation b. Net Income Dividends $ 780 580 93 $ 107 RITTER CORPORATION Balance Sheet December 31 $ 87 Assets Cash Other current assets Net fixed assets Total assets Llabilities and Equity Accounts payable Long-term debt Stockholders' equity 2020 2021 $ 58 168 373 $ 599 $ 118 143 338 $71 176 393 $ 640 $ 131 151 Total llabilities and equity $599 $ 640 358 What is the change in cash during 2021? Determine the change in net working capital in 2021. C. Determine the cash flow generated by the firm's assets during 2021.
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Transcribed Image Text:RITTER
CORPORATION
Income Statement
2021
a.
Revenue
b.
Expenses
Depreciation
RITTER CORPORATION
Balance Sheet
December 31
C.
Net Income
Dividends
$
780
Total assets
580
93
$
107
$ 87
Assets
Cash
Other current assets
Net fixed assets
Total llabilities and equity
Llabilities and Equity
Accounts payable
Long-term debt
Stockholders' equity
2020 2021
$ 58
168
373
$ 599
$ 118
143
338
$71
176
393
$ 640
$ 131
151
358
$ 599 $ 640
What is the change in cash during 2021?
Determine the change in net working capital in 2021.
Determine the cash flow generated by the firm's assets during 2021.
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