16 Jan

Ramakrishnan, Inc., reported 2015 net income of $80 million and depreciation

by jagguarpaw On: Finance - 0 Comment

Question: Ramakrishnan, Inc., reported 2015 net income of $8…

 

Ramakrishnan, Inc., reported 2015 net income of $80 million and depreciation of $3,300,000. 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 $ 85 $ 24 Accrued wages and taxes $ 43 $ 33 Accounts receivable 94 90 Accounts payable 58 50 Inventory 234 140 Notes payable 50 45 Total $ 413 $ 254 Total $ 151 $ 128 Calculate the 2015 net cash flow from operating activities for Ramakrishnan, Inc. (Enter your answer in dollars not in millions.) Net cash flow $

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