Ritter Corporation’s accountants prepared the following financial statements for year-end 2019: (Do not round intermediate calculations.)...
|
Ritter Corporation’s accountants prepared the following financial statements for year-end 2019: (Do not round intermediate calculations.) |
| RITTER CORPORATION | ||
| Income Statement | ||
| 2019 | ||
| Revenue | $ | 940 |
| Expenses | 660 | |
| Depreciation | 109 | |
| Net income | $ | 171 |
| Dividends | $ | 151 |
| RITTER CORPORATION | |||||
| Balance Sheets | |||||
| December 31 | |||||
| 2018 | 2019 | ||||
| Assets | |||||
| Cash | $ | 74 | $ | 103 | |
| Other current assets | 184 | 208 | |||
| Net fixed assets | 389 | 409 | |||
| Total assets | $ | 647 | $ | 720 | |
| Liabilities and Equity | |||||
| Accounts payable | $ | 134 | $ | 163 | |
| Long-term debt | 159 | 183 | |||
| Stockholders’ equity | 354 | 374 | |||
| Total liabilities and equity | $ | 647 | $ | 720 | |
| 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. |
Homework Answers
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Ritter Corporation’s accountants prepared the following
financial statements for year-end 2019: (Do not round
intermediate calculations.)...
Ritter Corporation’s accountants prepared the following financial statements for year-end 2019: (Do not round intermediate calculations.)...
Ritter Corporation’s accountants prepared the following financial statements for year-end 2019: (Do not round intermediate calculations.) RITTER CORPORATION Income Statement 2019 Revenue $ 910 Expenses 645 Depreciation 106 Net income $ 159 Dividends $ 139 RITTER CORPORATION Balance Sheets December 31 2018 2019 Assets Cash $ 71 $ 97 Other current assets 181 202 Net fixed assets 386 406 Total assets $ 638 $ 705 Liabilities and Equity Accounts payable $ 131 $ 157 Long-term debt 156 177...
Ritter Corporation's accountants prepared the following financial statements for year-end 2015: (Do not round intermediate calculations.)...
Ritter Corporation's accountants prepared the following financial statements for year-end 2015: (Do not round intermediate calculations.) RITTER CORPORATION Income Statement 2015 Revenue $ 850 Expenses Depreciation 615 100 Net income Dividends $ $ 135 115 RITTER CORPORATION Balance Sheets December 31 2015 2014 Assets Cash $ 85 $ 65 Other current assets 190175 Net fixed assets 400 380 Total assets $ 675 $ 620 Liabilities and Equity Accounts payable Long-term debt Stockholders' equity $ 145 165 365 $ 125 150...
Ritter Corporation’s accountants prepared the following financial statements for year-ends. RITTER CORPORATION Income Statement 2017...
Ritter Corporation’s accountants prepared the following financial statements for year-ends. RITTER CORPORATION Income Statement 2017 Revenue $ 1,095 Expenses 765 Depreciation 100 EBT $ 230 Taxes 92 Net income $ 138 Dividends $ 41 RITTER CORPORATION Balance Sheets December 31 2016 2017 Assets Cash $ 72 $ 95 Other current assets 226 265 Net fixed assets 720 829 Total assets $ 1,018 $ 1,189 Liabilities and Equity Accounts payable $ 278 $ 292 Long-term debt 0 60 Stockholders’...
itter Corporation's accountants prepared the following financial sta year-end 2015: Cash Flows RITTER CORPORATION Statement of...
itter Corporation's accountants prepared the following financial sta year-end 2015: Cash Flows RITTER CORPORATION Statement of Comprehensive Income 2015 Revenue Expenses Depreciation Net income Dividends $750 565 90 $ 95 $ 75 RITTER CORPORATIONN Statement of Financial Position December 31 2015 2014 Assets Cash Other current assets Net fixed assets $65 170 390 $625 $55 165 370 $590 Total assets Liabilities and equity Accounts payable Long-term debt Shareholders' equity $125 145 355 Total liabilities and equity$625 $115 140 335 $590...
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The 2018 balance sheet of Speith’s Golf Shop, Inc., showed long-term debt of $5.4 million, and the 2019 balance sheet showed long-term debt of $5.65 million. The 2019 income statement showed an interest expense of $175,000. The 2018 balance sheet showed $530,000 in the common stock account and $2.3 million in the additional paid-in surplus account. The 2019 balance sheet showed $570,000 and $2.5 million in the same two accounts, respectively. The company paid out $400,000 in cash dividends during...
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indicated by a minus sign. Do not rouna intermediate calculations and round your answer to the...
indicated by a minus sign. Do not rouna intermediate calculations and round your answer to the nearest whole number, e.g., 32.) C-1. In 2019, the company purchased $8,038 in new fixed assets. The tax rate is 23 percent. How much in fixed assets did the company sell? (Do not round intermediate calculations and round your answer to the nearest whole number, e.g., 32.) c-2. What is the cash flow from assets for the year? (Do not round intermediate calculations and...
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Ritter Corporation's accountants prepared the following financial statements for year-end 2015: (Do not round intermediate calculations.) RITTER CORPORATION Income Statement 2015 Revenue $ 850 Expenses Depreciation 615 100 Net income Dividends $ $ 135 115 RITTER CORPORATION Balance Sheets December 31 2015 2014 Assets Cash $ 85 $ 65 Other current assets 190175 Net fixed assets 400 380 Total assets $ 675 $ 620 Liabilities and Equity Accounts payable Long-term debt Stockholders' equity $ 145 165 365 $ 125 150...
itter Corporation's accountants prepared the following financial sta year-end 2015: Cash Flows RITTER CORPORATION Statement of Comprehensive Income 2015 Revenue Expenses Depreciation Net income Dividends $750 565 90 $ 95 $ 75 RITTER CORPORATIONN Statement of Financial Position December 31 2015 2014 Assets Cash Other current assets Net fixed assets $65 170 390 $625 $55 165 370 $590 Total assets Liabilities and equity Accounts payable Long-term debt Shareholders' equity $125 145 355 Total liabilities and equity$625 $115 140 335 $590...
indicated by a minus sign. Do not rouna intermediate calculations and round your answer to the nearest whole number, e.g., 32.) C-1. In 2019, the company purchased $8,038 in new fixed assets. The tax rate is 23 percent. How much in fixed assets did the company sell? (Do not round intermediate calculations and round your answer to the nearest whole number, e.g., 32.) c-2. What is the cash flow from assets for the year? (Do not round intermediate calculations and...
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Williams Company is a manufacturer of auto parts having the following financial statements for 2018-2019. Balance Sheet December 31 2019 Cash $ 264,800 Accounts receivable 154,800 Inventory 389, eee Total current assets $ 827,899 Long-lived assets 1,680, eee Total assets $2,487,eee Current liabilities 248, eee Long-term debt 990.ea3 Shareholders' equity 1,339, eee Total debt and equity $2,487,000 2018 $ 139.ee 229,000 179,800 $ 547,899 1,540,888 $2,887,899 215,800 8 40. 1,832, 800 $2,887,899 Income Statement For the years ended December 31...
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