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Net cash value Ramakrishnan, Inc. reported 2018 net income of $20 million and depreciation of $3,400,000. The top part of Ramakrishnan, Inc.'s 2018 and 2017
Net cash value
Ramakrishnan, Inc. reported 2018 net income of $20 million and depreciation of $3,400,000. The top part of Ramakrishnan, Inc.'s 2018 and 2017 balance sheets is listed below (in millions of dollars). 2018 2017 2018 2017 Current assets: Cash and marketable securities Accounts receivable Inventory Total $ 25 98 170 $293 $ 26 92 144 $262 Current liabilities: Accrued wages and taxes Accounts payable Notes payable Total $ 43 $ 35 6960 60 55 $172 $150 Calculate the 2018 net cash flow from operating activities for Ramakrishnan, Inc. (Enter your answer in dollars not in millions.) Net cash value Net cash value CStep by Step Solution
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