Ramakrishnan, Inc., reported 2015 net income of $70 million and depreciation

jagguarpaw January 17, 2017 0 Comments

Question: Ramakrishnan, Inc., reported 2015 net income of $7…

Ramakrishnan, Inc., reported 2015 net income of $70 million and depreciation of $3,200,000. The top part of Ramakrishnan, Inc.’s 2015 and 2014 balance sheets is reproduced below (in millions of dollars). 2015 2014 2015 2014 Current assets: Current liabilities: Cash and marketable securities $ 75 $ 22 Accrued wages and taxes $ 39 $ 31 Accounts receivable 90 88 Accounts payable 84 75 Inventory 222 136 Notes payable 75 70 Total $ 387 $ 246 Total $ 198 $ 176

Calculate the 2015 net cash flow from operating activities for Ramakrishnan, Inc. (Enter your answer in dollars not in millions.) Net cash flow $