Ramakrishnan, Inc., reported 2021 net income of $55 million and depreciation of $3,050,000. The top part of Ramakrishnan, Inc.'s,2021 and 2020 balance sheets is reproduced below (in millions of dollars):Current assets:Cash and marketable securitiesAccounts receivableInventoryTotal2021 2020$ 60 $1989195$34485130$234Answer is complete but not entirely correct.SNet cash value183Current liabilities:Accrued wages and taxesAccounts payableNotes payableTotal2021$346760$161Calculate the 2021 net cash flow from operating activities for Ramakrishnan, Inc. (Enter your answer in dollars not in millions.)2020$286055$143

> Given:> 2021:> Current assets:> Net Income = 55 million > Accounts receivable = 89…

Answered: Ramakrishnan, Inc., reported 2021 net…

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

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Problem 1PS

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Ramakrishnan, Incorporated, reported 2024 net income of $60 million and depreciation of $3,100,000. The top part of Ramakrishnan, Incorporated's 2024 and 2023 balance sheets is reproduced below (in millions of dollars): Current assets: Cash and marketable securities Accounts receivable Inventory Total 2024 Net cash flow 2023 $ 65 90 202 $ 357 $ 238 $ 20 86 132 Current liabilities: Accrued vages and taxes Accounts payable Notes payable Total Calculate the 2024 net cash flow from operating activities for Ramakrishnan, Incorporated. Note: Enter your answer in dollars not in millions. 2024 $ 35 73 65 $173 2023 $ 29 65 60 $154
The Murdock Corporation reported the following balance sheet data for 2024 and 2023: 2024 2023 Cash $ 98,465 $ 34,355 Available-for-sale debt securities (not cash equivalents) 25,000 104,000 Accounts receivable 99,000 85,350 Inventory 184,000 162,100 Prepaid insurance 3,210 3,900 Land, buildings, and equipment 1,288,000 1,144,000 Accumulated depreciation (629,000) (591,000) Total assets $ 1,068,675 $ 942,705 Accounts payable $ 93,440 $ 167,670 Salaries payable 27,600 34,000 Notes payable (current) 42,100 94,000 Bonds payable 219,000 0 Common stock 300,000 300,000 Retained earnings 386,535 347,035 Total liabilities and shareholders' equity $ 1,068,675 $ 942,705 Additional information for 2024: (1) Sold available-for-sale debt securities costing $79,000 for $85,400. (2) Equipment costing $20,000 with a book value of $6,900 was sold for $8,850. (3) Issued 6% bonds payable at face value, $219,000. (4) Purchased new equipment for $164,000 cash. (5)…
Ramakrishnan, Incorporated, reported 2024 net income of $40 million and depreciation of $2,900,000. The top part of Ramakrishnan, Incorporated's 2024 and 2023 balance sheets is reproduced below (in millions of dollars): 2024 2023 2024 2023 Current assets: Current liabilities: Cash and marketable securities Accounts receivable $ 45 $ 16 85 Inventory 161 82 124 Accrued wages and taxes Accounts payable Notes payable $ 28 $ 25 89 85 85 80 Total $ 291 $ 222 Total $ 202 $ 190 Calculate the 2024 net cash flow from operating activities for Ramakrishnan, Incorporated. Note: Enter your answer in dollars not in millions. Net cash flow
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The top part of Ramakrishnan, Inc.'s, 2021 and 2020 balance sheets is listed below (in millions of dollars). 2021 2020 Current assets: Cash and marketable securities Accounts receivable Inventory Total $ 34 143 206 $383 $ 25 128 187 $340 Current liabilities: Accrued wages and taxes Accounts payable Notes payable Total 2021 $ 32 87 76 $195 2020 $ 31 76 68 $175
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Ramakrishnan, Inc., reported 2021 net income of $20 million and depreciation of $3,400,000. The top part of Ramakrishnan, Inc.’s, 2021 and 2020 balance sheets is reproduced below (in millions of dollars): 2021 2020 2021 2020 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
Suppose the Crane Ltd's 2020 financial statements contain the following selected data (in millions). Current assets Total assets Current liabilities Total liabilities NT$3,536.0 31,408.0 3,016.0 16,640.0 Compute the following values. Interest expense Income taxes Net income NT$520.0 (a) Debt to assets ratio. (Round to O decimal places, e.g. 62%.) 1,976.0 4,590.0 (b) Times interest earned. (Round to 2 decimal places, e.g. 6.25.) % times
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Some selected financial statement items belonging to PXR Company are given in the table below. According to this information, which of the following is Return on Assets (ROA) in 2021? Receivables 18,500 Total Assets in 2021 130,000 Current Liabilities 42,000 Total Assets in 2020 110,000 Profit before Tax 18,000 Tax 3,000 Select one: a. 0.125 b. 0.150 c. 0.205 d. 0.137

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