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Ramakrishnan, Inc., reported 2015 net income of $60 million and depreciation of $3,100,000. The top part of Ramakrishnan, Inc.s 2015 and 2014 balance sheets is
Ramakrishnan, Inc., reported 2015 net income of $60 million and depreciation of $3,100,000. 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 | $ | 65 | $ | 20 | Accrued wages and taxes | $ | 35 | $ | 29 | ||||
Accounts receivable | 90 | 86 | Accounts payable | 73 | 65 | ||||||||
Inventory | 202 | 132 | Notes payable | 65 | 60 | ||||||||
Total | $ | 357 | $ | 238 | Total | $ | 173 | $ | 154 | ||||
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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