Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

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., 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.)

Step by Step Solution

3.45 Rating (148 Votes )

There are 3 Steps involved in it

Step: 1

Solution To calculate the net cash flow from operating activities for Ramakrishnan Inc in 2021 we ne... blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Finance Applications And Theory

Authors: Marcia Cornett, Troy Adair, John Nofsinger

5th Edition

1260013987, 9781260013986

More Books

Students also viewed these Finance questions

Question

Explain how to control impulses.

Answered: 1 week ago

Question

If 2 5 9 - k 5 8 = 2 5 8 , what is the value of k?

Answered: 1 week ago