Question
Ramakrishnan, Inc., reported 2015 net income of $80 million and depreciation of $3,300,000. The top part of Ramakrishnan, Inc.'s 2015 and 2014 balance sheets is
Ramakrishnan, Inc., reported 2015 net income of $80 million and depreciation of $3,300,000. The top part of Ramakrishnan, Inc.'s 2015 and 2014 balance sheets is reproduced below (in millions of dollars).
2015 2014
Current assets:
Cash and marketable securities $85$24
Account receivable 9490
Inventory 234 140
Total 413 254
2015 2014
Current liabilities:
Accrued wages and taxes4333
Accounts payable 5850
Notes payable 50 45
Total 151 128
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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