Ramakrishnan Inc. reported 2015 net income of $15 million and depreciation of $2,650,000. The top part of

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Ramakrishnan Inc. reported 2015 net income of $15 million and depreciation of $2,650,000. The top part of Ramakrishnan, Inc.â€™s 2015 and 2014 balance sheets is listed as follows (in millions ofdollars).

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Finance Applications and Theory

ISBN: 978-0077861681

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Authors: Marcia Cornett, Troy Adair

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Question Posted: Sep 23, 2014 10:21 AM

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Ramakrishnan Inc. reported 2015 net income of $15 million and depreciation of $2,650,000. The top part of

Question:

Current assets: 2015 2014 Current liabilities: 2015 2014 Cash and marketable Accrued wages and S 20 S 15 S 19 S 18 45 40 S115 S103 securities 75 121 10 S225 S200 taxes Accounts payable Notes payable Accounts receivable Inventorv 84 51 45 Total Total

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