Problem 2-9 Statement of Cash Flows (LG2-4)

Ramakrishnan, Inc. reported 2018 net income of $45 million and depreciation of $2,950,000. 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:								Current liabilities:
Cash and marketable securities	$	50			$	17		Accrued wages and taxes	$	31			$	26
Accounts receivable		85				83		Accounts payable		95				90
Inventory		173				126		Notes payable		90				85
Total	$	308			$	226		Total	$	216			$	201

Calculate the 2018 net cash flow from operating activities for Ramakrishnan, Inc. (Enter your answer in dollars not in millions.)

(Please keep in mind that the net cash value of: $13,950,000 is the incorrect answer and $1,750,000 is also an incorrect answer) Please give the correct answer.

• This answer is wrong: $1,750,000

• This answer is wrong: $13,950,000