Ramakrishnan Inc. reported 2018 net income of $15 million and depreciation of $2,650,000. The top part of

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Ramakrishnan Inc. reported 2018 net income of $15 million and depreciation of $2,650,000. The top part of Ramakrishnan, Inc.'s 2018 and 2017 balance sheets is listed below (in millions of dollars).

Calculate the 2018 net cash flow from operating activities for Ramakrishnan, Inc.?

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Finance Applications and Theory

ISBN: 978-1259691416

4th edition

Authors: Marcia Cornett

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Question Posted: Apr 28, 2017 08:35 AM

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Ramakrishnan Inc. reported 2018 net income of $15 million and depreciation of $2,650,000. The top part of

Question:

Current assets 2018 2017 Current liabilities 2018 2017 Cash and marketable Accrued wages and $ 20 S 15 75 121 110 $225 $200 S 19 $ 18 45 40 $115 $103 securities Accounts receivable Inventory taxes Accounts payable Notes payable 51 45 84 Total Total

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Cash Flows from Operating Activities Net income 15000000 Additions so...View the full answer

Finance Applications and Theory

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