Question
Ramakrishnan, Inc., reported 2021 net income of $40 million and depreciation of $2,900,000. The top part of Ramakrishnan, Inc.'s, 2021 and 2020 balance sheets
Ramakrishnan, Inc., reported 2021 net income of $40 million and depreciation of $2,900,000. The top part of Ramakrishnan, Inc.'s, 2021 and 2020 balance sheets is reproduced below (in millions of dollars): Current assets: Cash and marketable securities Accounts receivable Inventory Total 2021 2020 $ 45 $16. 85 161 $291 Net cash value 82 124 $222 Current liabilities: Accrued wages and taxes Accounts payable Notes payable Total 2021 $28 89 85 $202 2020 $ 25 85 80 $190 Calculate the 2021 net cash flow from operating activities for Ramakrishnan, Inc. (Enter your answer in dollars not in millions.)
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