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
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ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
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Chapter1: Investments: Background And Issues
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Vijay

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 2023
$ 25
100
170
$ 295
Answer is complete but not entirely correct.
$ 10,531,000 X
Net cash flow
$ 28
94
148
$ 270
Calculate the 2024 net cash flow from operating activities for Ramakrishnan, Incorporated.
Note: Enter your answer in dollars not in millions.
Current liabilities:
Accrued wages and taxes
Accounts payable
Notes payable
Total
2024 2023
$ 37
70
65
$ 172
$44
76
70
$ 190
Transcribed Image Text: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 2023 $ 25 100 170 $ 295 Answer is complete but not entirely correct. $ 10,531,000 X Net cash flow $ 28 94 148 $ 270 Calculate the 2024 net cash flow from operating activities for Ramakrishnan, Incorporated. Note: Enter your answer in dollars not in millions. Current liabilities: Accrued wages and taxes Accounts payable Notes payable Total 2024 2023 $ 37 70 65 $ 172 $44 76 70 $ 190
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