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Ramakrishnan, Inc., reported 2015 net income of $25 million and depreciation of $3,600,000. The top part of Ramakrishnan, Inc.s 2015 and 2014 balance sheets is
Ramakrishnan, Inc., reported 2015 net income of $25 million and depreciation of $3,600,000. 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 | $ | 30 | $ | 29 | Accrued wages and taxes | $ | 43 | $ | 38 | ||||
Accounts receivable | 98 | 95 | Accounts payable | 83 | 75 | ||||||||
Inventory | 180 | 150 | Notes payable | 75 | 70 | ||||||||
Total | $ | 308 | $ | 274 | Total | $ | 201 | $ | 183 | ||||
Calculate the 2015 net cash flow from operating activities for Ramakrishnan, Inc. (Enter your answer in dollars not in millions.) |
Net cash flow | $ |
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