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

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

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

See similar textbooks

Similar questions

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 $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
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.
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 $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)
The current sections of Larkspur, Inc.’s balance sheets at December 31, 2021 and 2022, are presented here. Larkspur, Inc.’s net income for 2022 was $221,850. Depreciation expense was $39,150. 2022 2021 Current assets Cash $152,250 $ 143,550 Accounts receivable 116,000 129,050 Inventory 243,600 249,400 Prepaid expenses 39,150 31,900 Total current assets $551,000 $553,900 Current liabilities Accrued expenses payable $ 21,750 $ 7,250 Accounts payable 123,250 133,400 Total current liabilities $145,000 $ 140,650 Prepare the net cash provided (used) by operating activities section of the company’s statement of cash flows for the year ended December 31, 2022, using the indirect method. (Show amounts that decrease cash flow with either a - sign e.g. -15,000 or in parenthesis e.g. (15,000).)
The top part of Ramakrishnan, Inc.’s 2021 and 2020 balance sheets is listed below (in millions of dollars). 2021 2020 2021 2020 Current assets: Current liabilities: Cash and marketable securities $ 62 $ 53 Accrued wages and taxes $ 46 $ 45 Accounts receivable 157 142 Accounts payable 101 90 Inventory 220 201 Notes payable 62 54 Total $ 439 $ 396 Total $ 209 $ 189 Calculate Ramakrishnan, Inc.’s current ratio for 2021 and 2020. (Round your answers to 2 decimal places.) 2021 = _______ times 2020 = _______ times Calculate Ramakrishnan, Inc.’s quick ratio for 2021 and 2020. (Round your answers to 2 decimal places.) 2021 = _______ times 2020 = _______ times Calculate Ramakrishnan, Inc.’s cash ratio for 2021 and 2020. (Round your answers to 2 decimal places.) 2021 = ________ times 2020 = ________ times
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 securities Accounts receivable Inventory Total Net cash value $ 2021 $ 35 85 152 $272 8,600,000 LUNCU 2020 $ 14 80 120 $214 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.) 2021 $ 28 80 75 $183 2020 $ 23 75 70 $168 He
The current sections of Martinez Corp.’s balance sheets at December 31, 2021 and 2022, are presented here. Martinez Corp.’s net income for 2022 was $241,300. Depreciation expense was $39,900. 2022 2021 Current assets Cash $58,900 $ 84,550 Accounts receivable 80,750 65,550 Inventory 74,100 58,900 Prepaid expenses 16,150 18,050 Total current assets $229,900 $227,050 Current liabilities Accrued expenses payable $ 5,700 $ 15,200 Accounts payable 83,600 68,400 Total current liabilities $89,300 $ 83,600
The current sections of Flint Corporation's balance sheets at December 31, 2021 and 2022, are presented here. Flint Corporation's net income for 2022 was $215,900. Depreciation expense was $35,700. Current assets Cash Accounts receivable Inventory Prepaid expenses Total current assets Current liabilities Accrued expenses payable Accounts payable Total current liabilities 2022 $52,700 eTextbook and Media 72,250 66,300 14,450 $205,700 $5,100 74,800 $79,900 2021 Adjustments to reconcile net income to $75,650 58,650 52,700 16,150 $203,150 Prepare the net cash provided by operating activities section of the company's statement of cash flows for the year ended December 31, 2022, using the indirect method. (Show amounts that decrease cash flow with either a-sign e.g. -15,000 or in parenthesis e.g. (15,000).) $ 13,600 61,200 $74,800 Flint Corporation Partial Statement of Cash Flows $
The current sections of Oriole Inc.'s balance sheets at December 31, 2021 and 2022, are presented here. Oriole's net income for 2022 was $152,400. Depreciation expense was $26,900. Current assets Cash Accounts receivable Inventory Prepaid expenses Total current assets Current liabilities Accrued expenses payable Accounts payable Total current liabilities 2022 $104,800 81,500 169,000 26,900 $382,200 $14,500 84,400 $98,900 2021 Adjustments to reconcile net income to $96,200 89,200 172,200 22,400 V $380,000 $9,800 95.900 Prepare the operating activities section of the company's statement of cash flows for the year ended December 31, 2022, using the indirect method. (Show amounts that decrease cash flow with either a-sign e.g.-15,000 or in parenthesis e.g. (15,000).) $105,700 ORIOLE INC. Partial Statement of Cash Flows $ O
Orange Inc. had the following financial data related to the year ended December 31, 2021. Balance Sheet information As at December 31 2021 2020 Cash $270,040 $138,880 Accounts receivable 136,360 58,800 Inventory 155,250 143,420 Equipment 351,000 (2) 291,000 Accumulated depreciation (65.000) (62.400) S847.650 $569,700 Accounts Payable s106,393 S 80,760 Income Taxes Payable 11,450 10,400 Dividends Payable 33,607 10,000 Bonds Payable 100,000 132,000 Common Shares 282,000 198,000 Retained Earnings 314.200 138.540 S847,650 $569,700 Income Statement For Year ended December 31 Sales $479,892 Cost of goods sold $161,644 Amortization expense 58,800 Other expenses 17,374 Income tax expense 10,185 Interest expense 5,822 Loss on sale of equipment 16,800 (270,625) Net Income $209,267

SEE MORE QUESTIONS

Recommended textbooks for you

Fundamentals Of Financial Management, Concise Edi…

Finance

ISBN:

9781337902571

Author:

Eugene F. Brigham, Joel F. Houston

Publisher:

Cengage Learning

Fundamentals Of Financial Management, Concise Edi…

Finance

ISBN:

9781337902571

Author:

Eugene F. Brigham, Joel F. Houston

Publisher:

Cengage Learning

SEE MORE TEXTBOOKS

GET THE APP

About FAQ Academic Integrity Sitemap Document Sitemap

Contact Bartleby Contact Research (Essays)High School Textbooks Literature Guides Concept Explainers by Subject Essay Help Mobile App

GET THE APP

Privacy

Your CA Privacy Rights

Your NV Privacy Rights

About Ads

Manage My Data

bartleby, a Learneo, Inc. business

	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