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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 | 2015 | 2014 | ||||||||||
Current assets: | Current liabilities: | ||||||||||||
Cash and marketable securities | $ | 85 | $ | 24 | Accrued wages and taxes | $ | 43 | $ | 33 | ||||
Accounts receivable | 94 | 90 | Accounts payable | 58 | 50 | ||||||||
Inventory | 234 | 140 | Notes payable | 50 | 45 | ||||||||
Total | $ | 413 | $ | 254 | Total | $ | 151 | $ | 128 | ||||
Calculate the 2015 net cash flow from operating activities for Ramakrishnan, Inc.(Enter your answer in dollars not in millions.) |
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