ramakrishnan Inc., reported 2015 net income Ramakrishnan, Inc., reported 2015 ne

Question

ramakrishnan Inc., reported 2015 net income Ramakrishnan, Inc., reported 2015 net income of $20 million and depreciation of $2,700,000. The top part of Ramakrishnan, Inc. s 2015 and 2014 balance sheets is reproduced below (in millions of dollars). 2015 2014 2015 2014 Current assets Current liabilities Cash and marketable securites $ 25 S 12 Accrued wages and taxes Accounts receivable 85 78Accounts payable 139 116 Notes payable 24 73 65 21 65 60 Inventory Total $249 $206 Total $162 $146 Calculate the 2015 net cash fiow trom operating activities tor Ramakrishnan, Inc. (Enter your answer in dollars not in millions.) Net cash fiow

Explanation / Answer

Net cash flow from operating activities

Net income $20000000

Add: Depreciation $2700000   

$22700000

Increase in Accounts receivable (7000000)

increase in inventory (23000000)

increase in accured wages and taxes 3000000

increase in accounts payable 8000000

increase in notes payable 5000000

Net cash provided by operating activities $8700000

Related Questions

Navigate

• Browse (All)
• Browse R
• Subjects

---

---

Integrity-first tutoring: explanations and feedback only — we do not complete graded work. Learn more.