Ramakrishnan, Inc. reported 2018 net income of $30 million and depreciation of $
ID: 2813388 • Letter: R
Question
Ramakrishnan, Inc. reported 2018 net income of $30 million and depreciation of $2,800,000. The top part of Ramakrishnan, Inc.’s 2018 and 2017 balance sheets is listed below (in millions of dollars).
Calculate the 2018 net cash flow from operating activities for Ramakrishnan, Inc. (Enter your answer in dollars not in millions.)
2018 2017 2018 2017 Current assets: Current liabilities: Cash and marketable securities $ 35 $ 14 Accrued wages and taxes $ 28 $ 23 Accounts receivable 85 80 Accounts payable 80 75 Inventory 152 120 Notes payable 75 70 Total $ 272 $ 214 Total $ 183 $ 168Explanation / Answer
Statement of Cash Flows - Indirect Method Amount in Million $ Amount in Million $ Net income $ 3,00,00,000 Cash flows from operating activities Adjustments for: Depreciation $ 28,00,000 (Increase) / Decrease in Account receivables $ -50,00,000 Inventory Decrease / (Increase) $ -3,20,00,000 Accounts payable Increase / ( Decrese) $ 50,00,000 Accrued Wages and taxes $ 50,00,000 $ -2,42,00,000 Net cash from operating activities $ 58,00,000 Note: 1 Cash and marketable securities is not came in cash flow from operating activities Note: 2 Notes Payable is a part of Cash flow from financing activities
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