Ramakrishnan, Inc., reported 2015 net income of $40 million and depreciation of $2,900,000. 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 $45 $16 Accrued wages and taxes $28 $25 Accounts receivable 85 82 Accounts payable 89 85 Inventory 161 124 Notes payable 85 80 Total $291 $222 Total $202 $190 Calculate the 2015 net cash flow from operating activities for Ramakrishnan, Inc.
Ramakrishnan, Inc., reported 2015 net income of $40 million and depreciation of $2,900,000. 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 $45 $16 Accrued wages and taxes $28 $25 Accounts receivable 85 82 Accounts payable 89 85 Inventory 161 124 Notes payable 85 80 Total $291 $222 Total $202 $190 Calculate the 2015 net cash flow from operating activities for Ramakrishnan, Inc.
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Ramakrishnan, Inc., reported 2015 net income of $40 million and
2015 2014 2015 2014
Current assets: Current liabilities:
Cash and marketable securities $45 $16 Accrued wages and taxes $28 $25
Inventory 161 124 Notes payable 85 80
Total $291 $222 Total $202 $190
Calculate the 2015 net
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