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Ramakrishnan, Inc. reported 2018 net income of $15 million and depreciation of $3,500,000. The top part of Ramakrishnan, Inc.s 2018 and 2017 balance sheets is
Ramakrishnan, Inc. reported 2018 net income of $15 million and depreciation of $3,500,000. The top part of Ramakrishnan, Inc.s 2018 and 2017 balance sheets is listed below (in millions of dollars).
2018 | 2017 | 2018 | 2017 | ||||||||||||
Current assets: | Current liabilities: | ||||||||||||||
Cash and marketable securities | $ | 20 | $ | 27 | Accrued wages and taxes | $ | 45 | $ | 36 | ||||||
Accounts receivable | 95 | 93 | Accounts payable | 73 | 65 | ||||||||||
Inventory | 175 | 146 | Notes payable | 65 | 60 | ||||||||||
Total | $ | 290 | $ | 266 | Total | $ | 183 | $ | 161 | ||||||
Calculate the 2018 net cash flow from operating activities for Ramakrishnan, Inc. (Enter your answer in dollars not in millions.)
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