Question
Ramakrishnan, Inc. reported 2018 net income of $75 million and depreciation of $3,250,000. The top part of Ramakrishnan, Inc.s 2018 and 2017 balance sheets is
Ramakrishnan, Inc. reported 2018 net income of $75 million and depreciation of $3,250,000. 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 | $ | 80 |
|
| $ | 23 |
| Accrued wages and taxes | $ | 40 |
|
| $ | 32 |
|
Accounts receivable |
| 90 |
|
|
| 89 |
| Accounts payable |
| 90 |
|
|
| 80 |
|
Inventory |
| 231 |
|
|
| 138 |
| Notes payable |
| 80 |
|
|
| 75 |
|
Total | $ | 401 |
|
| $ | 250 |
| Total | $ | 210 |
|
| $ | 187 |
|
|
Calculate the 2018 net cash flow from operating activities for Ramakrishnan, Inc. (Enter your answer in dollars not in millions.)
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started