Calculate the 2021 net cash flow from operating activities for Ramakrishnan, Inc. (Enter your answer in dollars not in m Net cash value

Fundamentals Of Financial Management, Concise Edition (mindtap Course List)
10th Edition
ISBN:9781337902571
Author:Eugene F. Brigham, Joel F. Houston
Publisher:Eugene F. Brigham, Joel F. Houston
Chapter3: Financial Statements, Cash Flow, And Taxes
Section: Chapter Questions
Problem 19SP
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Nikul

Ramakrishnan, Inc., reported 2021 net income of $70 million and depreciation of $3,200,000. 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
$ 75
$ 22
Accrued wages and taxes
$ 39
$ 31
90
88
Accounts payable
84
75
Inventory
222
136
Notes payable
75
70
Total
$387
$246
Total
$198
$176
Calculate the 2021 net cash flow from operating activities for Ramakrishnan, Inc. (Enter your answer in dollars not in millions.)
Net cash value
Transcribed Image Text:Ramakrishnan, Inc., reported 2021 net income of $70 million and depreciation of $3,200,000. 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 $ 75 $ 22 Accrued wages and taxes $ 39 $ 31 90 88 Accounts payable 84 75 Inventory 222 136 Notes payable 75 70 Total $387 $246 Total $198 $176 Calculate the 2021 net cash flow from operating activities for Ramakrishnan, Inc. (Enter your answer in dollars not in millions.) Net cash value
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