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Ramakrishnan, Inc. reported 2018 net income of $70 million and depreciation of $3,200,000. The top part of Ramakrishnan, Inc.s 2018 and 2017 balance sheets is
Ramakrishnan, Inc. reported 2018 net income of $70 million and depreciation of $3,200,000. 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 | $ | 75 | $ | 22 | Accrued wages and taxes | $ | 39 | $ | 31 | ||||||
Accounts receivable | 90 | 88 | Accounts payable | 84 | 75 | ||||||||||
Inventory | 222 | 136 | Notes payable | 75 | 70 | ||||||||||
Total | $ | 387 | $ | 246 | Total | $ | 198 | $ | 176 | ||||||
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