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Statement of Cash Flows Ramakrishnan Inc. reported 2008 net income of $15 million and depreciation of $2,650,000. The top part of Ramakrishnan, Inc.s 2007 and

Statement of Cash Flows Ramakrishnan Inc. reported 2008 net income of $15 million and depreciation of $2,650,000. The top part of Ramakrishnan, Inc.s 2007 and 2008 balance sheets is listed below (in millions of dollars).

Current assets: 2007 2008 Current liabilities: 2007 2008

Cash and marketable Accrued wages and

securities $ 15 $ 20 taxes $ 18 $ 19

Accounts receivable 75 84 Accounts payable 45 51

Inventory 110 121 Notes payable 40 45

Total $200 $225 Total $103 $115

Calculate the 2008 net cash flow from operating activities for Ramakrishnan, Inc..

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