Question
Ramakrishnan, Inc., reported 2015 net income of $10 million and depreciation of $2,600,000. The top part of Ramakrishnan, Inc.s 2015 and 2014 balance sheets is
Ramakrishnan, Inc., reported 2015 net income of $10 million and depreciation of $2,600,000. The top part of Ramakrishnan, Inc.s 2015 and 2014 balance sheets is reproduced below (in millions of dollars).
2015 2014 2015 2014
Current assets: Current liabilities:
Cash and marketable securities $15 $10
Accrued wages and taxes $21 $19
Accounts receivable $85 $76 Accounts payable $61 $55
Inventory $122 $112 Notes payable $35 $30
Total $222 $198 Total $117 $104
Calculate the 2015 net cash flow from operating activities for Ramakrishnan, Inc.(Enter your answer in dollars not in millions.)
Net cash flow$_________________
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started