Question
Ramakrishnan, Inc., reported 2015 net income of $20 million and depreciation of $2,700,000. The top part of Ramakrishnan, Inc.s 2015 and 2014 balance sheets is
Ramakrishnan, Inc., reported 2015 net income of $20 million and depreciation of $2,700,000. 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 $ 25 $ 12 Accrued wages and taxes $ 24 $ 21 Accounts receivable 85 78 Accounts payable 73 65 Inventory 139 116 Notes payable 65 60 Total $ 249 $ 206 Total $ 162 $ 146 Calculate the 2015 net cash flow from operating activities for Ramakrishnan, Inc. (Enter your answer in dollars not in millions.)
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