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Ramakrishnan, Inc., reported 2021 net income of $15 million and depreciation of $2,650,000. The top part of Ramakrishnan, Inc.s, 2021 and 2020 balance sheets is
Ramakrishnan, Inc., reported 2021 net income of $15 million and depreciation of $2,650,000. 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 | $ | 20 | $ | 15 | Accrued wages and taxes | $ | 19 | $ | 18 | ||||||
Accounts receivable | 84 | 75 | Accounts payable | 51 | 45 | ||||||||||
Inventory | 121 | 110 | Notes payable | 45 | 40 | ||||||||||
Total | $ | 225 | $ | 200 | Total | $ | 115 | $ | 103 | ||||||
Calculate the 2021 net cash flow from operating activities for Ramakrishnan, Inc. (Enter your answer in dollars not in millions.)
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