Ramakrishnan Inc. reported 2024 net income of $15 million and depreciation of $2,650,000. The top part of
Question:
Ramakrishnan Inc. reported 2024 net income of $15 million and depreciation of $2,650,000. The top part of Ramakrishnan, Inc.’s 2024 and 2023 balance sheets is listed below (in millions of dollars).
Calculate the 2024 net cash flow from operating activities for Ramakrishnan, Inc.
Transcribed Image Text:
Current assets: Cash and marketable securities Accounts receivable Inventory Total 2024 2023 $ 20 84 121 $225 $ 15 75 110 $200 Current liabilities: Accrued wages and taxes Accounts payable Notes payable Total 2024 2023 $ 19 51 45 $115 $18 45 40 $103
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 66% (6 reviews)
Cash Flows from Operating Activities Net income Additions sources ...View the full answer
Answered By
Utsab mitra
I have the expertise to deliver these subjects to college and higher-level students. The services would involve only solving assignments, homework help, and others.
I have experience in delivering these subjects for the last 6 years on a freelancing basis in different companies around the globe. I am CMA certified and CGMA UK. I have professional experience of 18 years in the industry involved in the manufacturing company and IT implementation experience of over 12 years.
I have delivered this help to students effortlessly, which is essential to give the students a good grade in their studies.
3.50+
2+ Reviews
10+ Question Solved
Related Book For
Finance Applications And Theory
ISBN: 9781264101580
6th Edition
Authors: Marcia Cornett, Troy Adair, John Nofsinger
Question Posted:
Students also viewed these Business questions
-
Cash flows from operating activities for both the indirect and direct methods are presented for Electronic Transformations. Cash Flows from Operating Activities (Indirect method) Net income...
-
Curwen Inc. reported net cash flow from operating activities of $357,500 on its statement of cash flows for the year ended December 31, 2014. The following information was reported in the Cash Flows...
-
Curwen Inc. reported net cash flow from operating activities of $357,500 on its statement of cash flows for the year ended December 31, 2016. The following information was reported in the Cash Flows...
-
Recall the rural medical clinics in Example 8.3 and suppose that each community were required to be 25 miles at most from the nearest clinic. How many clinics would be needed, and what would their...
-
Explain why a small producer might want a marketing research firm to take over some of its information gathering activities.
-
How do business intelligence and business analytics support decision making? a. Define and describe business intelligence and business analytics. b. List and describe the elements of a business...
-
Macy Furniture sells a line of products that carry a three-year warranty against defects at no extra charge. Based on industry experience, the estimated warranty costs are as follows: first year...
-
Information related to Harwick Co. is presented below. 1. On April 5, purchased merchandise from Botham Company for $23,000, terms 2/10, net/30, FOB shipping point. 2. On April 6, paid freight costs...
-
pecial Order: High-Low Cost Estimation Autoliv produces air bag systems that it sells to automobile manufacturers throughout the world. Assume the company has a capacity of 50 million units per year,...
-
Richard chooses technique 0 and 2 requiring 10+10-20 efforts and provising 10+11=21 benefits. Hence, 21 is returned as the output Example 2: input1: 3 input2: (10,10,10,10) input3: (10,11,12,15)...
-
Use the following information to find dividends paid to common stockholders during 2024. Balance of retained earnings, December 31, 2023 Plus: Net income for 2024 Less: Cash dividends paid Preferred...
-
Whats the present value, when interest rates are 7.5 percent, of a $50 payment made every year forever?
-
After throwing two dice, define Event A = Total of the Dice Is Even and Event B = First Die Shows a Five. Are Events A and B independent?
-
In relation to the construction industry, what are some advantages of being a limited partner instead of a general partner? What are some of the disadvantages?
-
Explain FOUR (4) advantages of brand extension strategy for Tealive and how thesestrategies can contribute to Tealive's brand equity.(10 Marks)
-
Sara is considering whether to open a gadgets shop. She provided you, as a consultant, the following information on June 30, 2021: Sales of $60,000 and $72,000 are expected for July and August,...
-
Briefly identify five main advantages of outsourcing? Briefly identify five main Disadvantages of outsourcing?
-
Project 1: The team you are working on is getting ready to start a project. The project involves your team organizing and hosting a luncheon for the organization's staff and their families. The...
-
It is possible to calculate the work of plastic de-formation by measuring the temperature rise in a work piece, assuming that there is no heat loss and that the temperature distribution is uniform...
-
What are the risks and liability factors in an audit? What are the implications to the auditor? What are the implications to the organization? How can the auditor mitigate these risks and liability...
-
What is the difference in perspective between finance and accounting?
-
What personal decisions can you think of that will benefit from learning finance?
-
Name and describe as many corporate stakeholders as you can.
-
Full-Service Brokers do not provide investment advice. Group of answer choices True False
-
Rick has the following stock portfolio. Each company pays a quarterly dividend. Company Number of Shares Market Price Per Share Quarterly Dividend Per Share Therm-Ware 910 $22.00 $0.23 Quick Foods...
-
Governmental attestation engagements must comply with ______. Multiple choice question. Governmental Auditing Standards but not AICPA attestation standards AICPA attestation standards but not...
Study smarter with the SolutionInn App