Question
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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