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 186 128 Notes payable 95 90 Total $330 $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

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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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
Transcribed Image Text: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
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