Question
Ramakrishnan, Inc. reported 2018 net income of $55 million and depreciation of $3,050,000. The top part...

Ramakrishnan, Inc. reported 2018 net income of $55 million and depreciation of $3,050,000. The top part of Ramakrishnan, Inc.'s 2018 and 2017 balance sheets is listed below (in millions of dollars) $ 60 $ 19 $ 34 28 Current assets Cash and marketable securities Accounts receivable Inventory Total Current liabilities: Accrued wages and taxes Accounts payable Notes payable Total 195 138 $234 Calculate the 2018 net cash flow from operating activities for Ramakrishnan, Inc. (Enter your answer in dollars not in millions.) Net cash value
Answers
Net income $55,000,000 Add : ... Depreciation $3,050,000 ... Increase in Accounts Payable ($67 - $60) $7,000,000 ... Increase in accrued wages and taxes ($34 - $28) $6,000,000 Less : ... Increase in Accounts receivable ($89 - $85) $4,000,000 ... Increase in inventory ($195 - $130) $65,000,000 Net Cash flow from Operating Activities $2,050,000
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