Question
Ramakrishnan, Inc., reported 2021 net income of $65 million and depreciation of $3,150,000. The top part of Ramakrishnan, Inc.s, 2021 and 2020 balance sheets is
Ramakrishnan, Inc., reported 2021 net income of $65 million and depreciation of $3,150,000. 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 $ 70 $ 21 Accrued wages and taxes $ 40 $ 30 Accounts receivable 90 87 Accounts payable 79 70 Inventory 216 134 Notes payable 70 65 Total $ 376 $ 242 Total $ 189 $ 165 Calculate the 2021 net cash flow from operating activities for Ramakrishnan, Inc. (Enter your answer in dollars not in millions.)
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