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Ramakrishnan, Inc., reported 2015 net income of $15 million and depreciation of $2,650,000. 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 $2,650,000. 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 | $ | 11 | Accrued wages and taxes | $ | 22 | $ | 20 | ||||
Accounts receivable | 85 | 77 | Accounts payable | 67 | 60 | ||||||||
Inventory | 131 | 114 | Notes payable | 60 | 55 | ||||||||
Total | $ | 236 | $ | 202 | Total | $ | 149 | $ | 135 | ||||
Calculate the 2015 net cash flow from operating activities for Ramakrishnan, Inc. (Enter your answer in dollars not in millions.)
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