Ramakrishnan, Incorporated, reported 2024 net income of $20 million and depreciation of $3,550,000. 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 $ 25 100 170 $ 295 2023 Answer is complete but not entirely correct. Net cash flow $ 10,531,000 x $ 28 94 148 $ 270 Current liabilities: Accrued wages 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 $ 44 76 70 $ 190 2023 $ 37 70 65 $ 172
Ramakrishnan, Incorporated, reported 2024 net income of $20 million and depreciation of $3,550,000. 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 $ 25 100 170 $ 295 2023 Answer is complete but not entirely correct. Net cash flow $ 10,531,000 x $ 28 94 148 $ 270 Current liabilities: Accrued wages 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 $ 44 76 70 $ 190 2023 $ 37 70 65 $ 172
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
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