Ramakrishnan, Inc. reported 2018 net income of $15 million and depreciation of $3,500,000. The top part...

Ramakrishnan, Inc. reported 2018 net income of $15 million and depreciation of $3,500,000. The top part of Ramakrishnan, Inc.’s 2018 and 2017 balance sheets is listed below (in millions of dollars).

	2018		2017			2018		2017
Current assets:					Current liabilities:
Cash and marketable securities	$	20	$	27	Accrued wages and taxes	$	45	$	36
Accounts receivable		95		93	Accounts payable		73		65
Inventory		175		146	Notes payable		65		60
Total	$	290	$	266	Total	$	183	$	161

Calculate the 2018 net cash flow from operating activities for Ramakrishnan, Inc. (Enter your answer in dollars not in millions.)

Expert Solution

Net cash flow from operating activities $ 9,500,000

Cash flow from operating activities

Net Income			1,50,00,000
Adjsutment of non-cash items:
Depreciation			35,00,000
Adjsutment of working capital:
Increase of accounts receivable	-20,00,000
Increase of inventory		-2,90,00,000
Increase of Accrued wages and taxes	90,00,000
Increase of Accounts payable		80,00,000
Increase of Notes payable		50,00,000


Net Cash provided by operating activities	95,00,000

jeff jeffy answered 1 year ago

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