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Ramakrishnan, Inc., reported 2015 net income of $20 million and depreciation of $3,550,000. 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 $3,550,000. 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 | $ | 28 | Accrued wages and taxes | $ | 44 | $ | 37 | ||||
Accounts receivable | 100 | 94 | Accounts payable | 76 | 70 | ||||||||
Inventory | 170 | 148 | Notes payable | 70 | 65 | ||||||||
Total | $ | 295 | $ | 270 | Total | $ | 190 | $ | 172 | ||||
Calculate the 2015 net cash flow from operating activities for Ramakrishnan, Inc. (Enter your answer in dollars not in millions.)
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