Ramakrishnan, Inc., reported 2021 net income of $30 million and depreciation of $2,800,000. The top part of Ramakrishnan, Inc.'s,2021 and 2020 balance sheets is reproduced below (in millions of dollars):Current assets:Cash and marketable securitiesAccounts receivableInventoryTotalNet cash value$2021$ 3585152$2728,600,000LUNCU2020$ 1480120$214Current liabilities:Accrued wages and taxesAccounts payableNotes payableTotalCalculate the 2021 net cash flow from operating activities for Ramakrishnan, Inc. (Enter your answer in dollars not in millions.)2021$ 288075$1832020$ 237570$168He

Cash flow statement is one of the three main financial statements that a company makes. The other…

Ramakrishnan, Inc., reported 2021 net income of $30 million and depreciation of $2,800,000. The top part of Ramakrishnan, Inc.'s, 2021 and 2020 balance sheets is reproduced below (in millions of dollars): 2021 2020 $ 35 $ 14 85 80 152 120 $272 $214 Current assets: Cash and marketable securities Accounts receivable Inventory Total Net cash value $ Current liabilities: Accrued wages and taxes Accounts payable Notes payable Total Calculate the 2021 net cash flow from operating activities for Ramakrishnan, Inc. (Enter your answer in dollars not in millions.) 8,600,000 2021 $ 28 80 75 $183 2020 $ 23 75 70 $168

Ramakrishnan, Inc., reported 2021 net income of $30 million and depreciation of $2,800,000. The top part of Ramakrishnan, Inc.'s, 2021 and 2020 balance sheets is reproduced below (in millions of dollars): 2021 2020 $ 35 $ 14 85 80 152 120 $272 $214 Current assets: Cash and marketable securities Accounts receivable Inventory Total Net cash value $ Current liabilities: Accrued wages and taxes Accounts payable Notes payable Total Calculate the 2021 net cash flow from operating activities for Ramakrishnan, Inc. (Enter your answer in dollars not in millions.) 8,600,000 2021 $ 28 80 75 $183 2020 $ 23 75 70 $168

Essentials Of Investments

11th Edition

ISBN:9781260013924

Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Chapter1: Investments: Background And Issues

Section: Chapter Questions

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Ramakrishnan, Inc., reported 2021 net income of $20 million and depreciation of $2,700,000. The top part of Ramakrishnan, Inc's, 2021 and 2020 balance sheets is reproduced below (in millions of dollars): 2021 2020 2021 2020 Current assets: Cash and marketable sečurities Accounts receivable Inventory Current liabilities: Accrued wages and taxes Accounts payable Notes payable $ 25 $ 21 65 $ 24 $ 12 78 116 73 85 139 65 60 Total $249 $206 Total $162 $146 Calculate the 2021 net cash flow from operating activities for Ramakrishnan, Inc. (Enter your answer in dollars not in millions.)
Ramakrishnan, Inc., reported 2021 net income of $55 million and depreciation of $3,050,000. The top part of Ramakrishnan, Inc.'s, 2021 and 2020 balance sheets is reproduced below (in millions of dollars): 2021 2020 2021 2020 Current assets: Cash and marketable securities Accounts receivable $ 60 $ 19 89 85 Current liabilities: Accrued wages and taxes Accounts payable $ 34 $ 28 67 60 Inventory Total 195 130 $344 $234 Notes payable 60 55 Total $161 $143 Calculate the 2021 net cash flow from operating activities for Ramakrishnan, Inc. (Enter your answer in dollars not in millions.) Net cash value $ 2
Ramakrishnan, Inc., reported 2021 net income of $55 million and depreciation of $3,050,000. The top part of Ramakrishnan, Inc.'s, 2021 and 2020 balance sheets is reproduced below (in millions of dollars): Current assets: Cash and marketable securities Accounts receivable Inventory Total 2021 2020 $ 60 $19 89 195 $344 85 130 $234 Answer is complete but not entirely correct. S Net cash value 183 Current liabilities: Accrued wages and taxes Accounts payable Notes payable Total 2021 $34 67 60 $161 Calculate the 2021 net cash flow from operating activities for Ramakrishnan, Inc. (Enter your answer in dollars not in millions.) 2020 $28 60 55 $143
Seminole Corporation reported the following items at December 31, 2021, and 2020: (Click the icon to view the comparative financial information.) Read the requirements. Requirement 1. Compute the company's (a) quick (acid-test) ratio and (b) days' sales outstanding for 2021. Evaluate each ratio value as strong or weak. All sales are on account with terms of net 30 days. (a) Enter the formula and calculate the quick (acid-test) ratio for 2021. (Abbreviation used: Cash* = Cash and cash equivalents. Round your final answer to two decimal places.) Cash* + Short-term investments + Net current receivables + Total current liabilities = Quick (acid-test) ratio $ Seminole's quick (acid-test) ratio is considered fairly weak. (b) Select the formula and calculate Seminole's days' sales outstanding for 2021. (Round interim calculations to two decimal places, XX.XX. Round the days' sales outstanding up to the next whole day.) Accounts receivable turnover = + Days' sales outstanding Seminole's days'…
Ramakrishnan, Inc., reported 2021 net income of $50 million and depreciation of $3,000,000. The top part of Ramakrishnan, Inc.'s, 2021 and 2020 balance sheets is reproduced below (in millions of dollars): 2021 2020 2021 2020 Current assets: Current liabilities: Cash and marketable securities Accounts receivable $ 55 $ 18 Accrued wages and taxes $ 36 $ 27 89 84 Accounts payable 101 95 Inventory Total 186 $330 128 Notes payable 95 90 $230 Total $232 $212 Calculate the 2021 net cash flow from operating activities for Ramakrishnan, Inc. (Enter your answer in dollars not in millions.) Net cash value
The top part of Ramakrishnan, Inc.'s, 2021 and 2020 balance sheets is listed below (in millions of dollars). 2021 2020 Current assets: Cash and marketable securities Accounts receivable Inventory Total $ 34 143 206 $383 $ 25 128 187 $340 Current liabilities: Accrued wages and taxes Accounts payable Notes payable Total 2021 $ 32 87 76 $195 2020 $ 31 76 68 $175
Ramakrishnan, Inc., reported 2021 net income of $25 million and depreciation of $2,750,000. The top part of Ramakrishnan, inc's 2021 and 2020 balance sheets is reproduced below (in millions of collars): 2021 2020 2021 2020 Current assets: Current sabilties: Cash and marketable securities $30 S 13 Accrued wages and taxes $ 26 5 22 Accounts receivable 85 79 Accounts payable 79 70 Inventory 146 118 Notes payable 70 65 Total $ 261 $210 Total S 175 $157 Calculate the 2023 net cash flow from operating activities for Ramakrishnan, Inc. (Enter your answer in dollars not in millions.
The Murdock Corporation reported the following balance sheet data for 2024 and 2023: 2024 2023 Cash $ 98,465 $ 34,355 Available-for-sale debt securities (not cash equivalents) 25,000 104,000 Accounts receivable 99,000 85,350 Inventory 184,000 162,100 Prepaid insurance 3,210 3,900 Land, buildings, and equipment 1,288,000 1,144,000 Accumulated depreciation (629,000) (591,000) Total assets $ 1,068,675 $ 942,705 Accounts payable $ 93,440 $ 167,670 Salaries payable 27,600 34,000 Notes payable (current) 42,100 94,000 Bonds payable 219,000 0 Common stock 300,000 300,000 Retained earnings 386,535 347,035 Total liabilities and shareholders' equity $ 1,068,675 $ 942,705 Additional information for 2024: (1) Sold available-for-sale debt securities costing $79,000 for $85,400. (2) Equipment costing $20,000 with a book value of $6,900 was sold for $8,850. (3) Issued 6% bonds payable at face value, $219,000. (4) Purchased new equipment for $164,000 cash. (5)…
The Murdock Corporation reported the following balance sheet data for 2021 and 2020: 2021 2020 Cash $ 77,375 $ 22,955 Available-for-sale debt securities (not cash equivalents) 15,500 85,000 Accounts receivable 80,000 68,250 Inventory 165,000 145,000 Prepaid insurance 1,500 2,000 Land, buildings, and equipment 1,250,000 1,125,000 Accumulated depreciation (610,000 ) (572,000 ) Total assets $ 979,375 $ 876,205 Accounts payable $ 76,340 $ 148,670 Salaries payable 20,000 24,500 Notes payable (current) 25,000 75,000 Bonds payable 200,000 0 Common stock 300,000 300,000 Retained earnings 358,035 328,035 Total liabilities and shareholders' equity $ 979,375 $ 876,205 Additional information for 2021:(1) Sold available-for-sale debt securities costing $69,500 for $74,000.(2) Equipment costing $20,000 with a book value of…
Ramakrishnan, Inc, reported 2021 net income of $20 million and depreciation of $2,700,000. The top part of Ramakrishnan, Inc.s 2021 and 2020 balance sheets is reproduced below (in millions of dollars): 2021 202 2023 2020 Current assets: Cash and market able seturities Accounts recelvable Inventory Current liabilities Accrued weges and taxes Accounts payable Notes payable Total $ 25 85 $ 12 $ 24 $ 21 65 78 116 $206 73 199 65 Total $249 $162 $146 Calculate the 2021 net cash flow from operating activities for Ramakrishnan, Inc. (Enter your answer in dollars not in millions)
Ramakrishnan, Inc., reported 2021 net income of $20 million and depreciation of $3,400,000. The top part of Ramakrishnan, Inc.’s, 2021 and 2020 balance sheets is reproduced below (in millions of dollars): 2021 2020 2021 2020 Current assets: Current liabilities: Cash and marketable securities $ 25 $ 26 Accrued wages and taxes $ 43 $ 35 Accounts receivable 98 92 Accounts payable 69 60 Inventory 170 144 Notes payable 60 55 Total $ 293 $ 262 Total $ 172 $ 150
Purrfect, Inc., reports the following statement of financial position amounts as of June 30,2020 Current asset P 2,440,500 Noncurrent assets 6,285,500 Current liabilities 1,386,000 Noncurrent liabilities 900,000 Owner’s equity 6,440,000 A review of account balances reveals the following data An analysis of current assets discloses the following: Cash P 422,500 Investment securities-trading 600,000 Trade accounts receivable 568,000 Inventories, including advertising supplies of P20,000 850,000 2,440,500 Noncurrent assets include the following: Property, plant and equipment: Depreciated book value (cost P 6,560,000) 5,490,000 Deposit with a supplier for merchandise ordered for August…

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