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Ramakrishnan, Inc., reported 2015 net income of $15 million and depreciation of $3,500,000. The top part of Ramakrishnan, Inc.s 2015 and 2014 balance sheets is
Ramakrishnan, Inc., reported 2015 net income of $15 million and depreciation of $3,500,000. 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 | $ | 20 | $ | 27 | Accrued wages and taxes | $ | 45 | $ | 36 | ||||
Accounts receivable | 95 | 93 | Accounts payable | 73 | 65 | ||||||||
Inventory | 175 | 146 | Notes payable | 65 | 60 | ||||||||
Total | $ | 290 | $ | 266 | Total | $ | 183 | $ | 161 | ||||
Calculate the 2015 net cash flow from operating activities for Ramakrishnan, Inc. (Enter your answer in dollars not in millions.)
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