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Ramakrishnan, Inc. reported 2018 net income of $45 million and depreciation of $2,950,000. The top part of Ramakrishnan, Inc.s 2018 and 2017 balance sheets is
Ramakrishnan, Inc. reported 2018 net income of $45 million and depreciation of $2,950,000. 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 $ 50 $ 17 Accrued wages and taxes $ 31 $ 26
Accounts receivable 85 83 Accounts payable 95 90
Inventory 173 126 Notes payable 90 85
Total $ 308 $ 226 Total $ 216 $ 201
Calculate the 2018 net cash flow from operating activities for Ramakrishnan, Inc.
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