It is comprised of the following three elements: 1  Assets: Something a business owns or controls (e.g. cash, inventory, plant and machinery, etc) 2  Liabilities: Something a business owes to someone (e.g. creditors, bank loans, etc) 3  Equity: What the business owes to its owners.
On December 26, 2002, Ritts died of complications from pneumonia at the age of 50. According to Ritts' publicist, Herb was HIV-positive, but this particular pneumonia was not PCP (pneumocystis pneumonia), a common opportunistic infection of AIDS. But at the end of the day, his immune system was compromised..
That fall, Felsch agreed to join a group of White Sox players that planned to intentionally lose the 1919 World Series in exchange for monetary payments from a network of gamblers. He was reluctant to go along with the plan at first but then eventually did because of the money.elsch died of a liver ailment in Milwaukee in 1964, just five days before his 73rd birthday. He was survived by his wife Marie and three children. He is buried at Wisconsin Memorial Park in Brookfield, Wisconsin. In the 1988 film Eight Men Out, Felsch was portrayed by Charlie Sheen.