Problem 2-9 Statement of Cash Flows (LG2-4) Ramakrishnan, Inc. reported 2018 net income of $20 million and depreciation of $3,400,000. The top part of Ramakrishnan, Inc.’s 2018 and 2017 balance sheets is listed below (in millions of dollars). 2018 2017 2018 2017 Current assets: Current liabilities: Cash and marketable securities $ 25 $ 26 Accrued wages and taxes $ 43 $ 35 Accounts receivable 98 92 Accounts payable 69 60 Inventory 170 144 Notes payable 60 55 Total $ 293 $ 262 Total $ 172 $ 150 Calculate the 2018 net cash flow from operating activities for Ramakrishnan, Inc. (Enter your answer in dollars not in millions.)
Problem 2-9 Statement of Cash Flows (LG2-4) Ramakrishnan, Inc. reported 2018 net income of $20 million and depreciation of $3,400,000. The top part of Ramakrishnan, Inc.’s 2018 and 2017 balance sheets is listed below (in millions of dollars). 2018 2017 2018 2017 Current assets: Current liabilities: Cash and marketable securities $ 25 $ 26 Accrued wages and taxes $ 43 $ 35 Accounts receivable 98 92 Accounts payable 69 60 Inventory 170 144 Notes payable 60 55 Total $ 293 $ 262 Total $ 172 $ 150 Calculate the 2018 net cash flow from operating activities for Ramakrishnan, Inc. (Enter your answer in dollars not in millions.)
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
Problem 1PS
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Problem 2-9 Statement of Cash Flows (LG2-4)
Ramakrishnan, Inc. reported 2018 net income of $20 million and
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2018 |
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2017 |
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2018 |
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2017 |
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Current assets: |
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Current liabilities: |
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Cash and marketable securities |
$ |
25 |
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$ |
26 |
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Accrued wages and taxes |
$ |
43 |
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$ |
35 |
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Accounts receivable |
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98 |
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92 |
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Accounts payable |
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69 |
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60 |
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Inventory |
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170 |
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144 |
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Notes payable |
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60 |
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55 |
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Total |
$ |
293 |
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$ |
262 |
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Total |
$ |
172 |
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$ |
150 |
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Calculate the 2018 net cash flow from operating activities for Ramakrishnan, Inc. (Enter your answer in dollars not in millions.)
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