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Ramakrishnan, Inc., reported 2021 net income of $10 million and depreciation of $2,600,000. The top part of Ramakrishnan, Inc.s, 2021 and 2020 balance sheets is
Ramakrishnan, Inc., reported 2021 net income of $10 million and depreciation of $2,600,000. The top part of Ramakrishnan, Inc.s, 2021 and 2020 balance sheets is reproduced below (in millions of dollars):
2021 | 2020 | 2021 | 2020 | ||||||||||||
Current assets: | Current liabilities: | ||||||||||||||
Cash and marketable securities | $ | 15 | $ | 10 | Accrued wages and taxes | $ | 21 | $ | 19 | ||||||
Accounts receivable | 85 | 76 | Accounts payable | 61 | 55 | ||||||||||
Inventory | 122 | 112 | Notes payable | 35 | 30 | ||||||||||
Total | $ | 222 | $ | 198 | Total | $ | 117 | $ | 104 | ||||||
Calculate the 2021 net cash flow from operating activities for Ramakrishnan, Inc. (Enter your answer in dollars not in millions.)
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