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Ramakrishnan, Inc. reported 2018 net income of $35 million and depreciation of $2,850,000. The top part of Ramakrishnan, Inc.s 2018 and 2017 balance sheets is
Ramakrishnan, Inc. reported 2018 net income of $35 million and depreciation of $2,850,000. 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 | $ | 40 | $ | 15 | Accrued wages and taxes | $ | 30 | $ | 24 | ||||||
Accounts receivable | 85 | 81 | Accounts payable | 83 | 80 | ||||||||||
Inventory | 157 | 122 | Notes payable | 80 | 75 | ||||||||||
Total | $ | 282 | $ | 218 | Total | $ | 193 | $ | 179 | ||||||
Calculate the 2018 net cash flow from operating activities for Ramakrishnan, Inc. (Enter your answer in dollars not in millions.)
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