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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 Accounts receivable Inventory 84 75 Accounts payable 121 110 Notes payable 20 15 Accrued wages and taxes 19 18 51 45 45 40 Total $225 $200 Total $115 $103 Calculate the 2015 net cash flow from operating activities for Ramakrishnan, Inc. (Enter your answer in dollars not in millions.) Net cash flowStep by Step Solution
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