Ramakrishnan, Incorporated, reported 2024 net income of $20 million and depreciation of $3,400,000. 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 $ 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 2024 net cash flow from operating activities for Ramakrishnan, Incorporated. Note: Enter your answer in dollars not in millions. done
Ramakrishnan, Incorporated, reported 2024 net income of $20 million and depreciation of $3,400,000. 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 $ 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 2024 net cash flow from operating activities for Ramakrishnan, Incorporated. Note: Enter your answer in dollars not in millions. done
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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Ramakrishnan, Incorporated, reported 2024 net income of $20 million and
| 2024 | 2023 | 2024 | 2023 | ||
|---|---|---|---|---|---|
| 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 2024 net cash flow from operating activities for Ramakrishnan, Incorporated.
Note: Enter your answer in dollars not in millions.
done
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