Ramakrishnan, Inc., reported 2021 net income of $55 million and depreciation of $3,050,000. The top part of Ramakrishnan, Inc.'s,2021 and 2020 balance sheets is reproduced below (in millions of dollars):2021202020212020Current assets:Cash and marketable securitiesAccounts receivable$ 60$ 198985Current liabilities:Accrued wages and taxesAccounts payable$ 34$ 286760InventoryTotal195 130$344 $234Notes payable6055Total$161$143Calculate the 2021 net cash flow from operating activities for Ramakrishnan, Inc. (Enter your answer in dollars not in millions.)Net cash value$2

> Given:> 2021:> Current assets:> Net Income = 55 million > Accounts receivable = 89…

Ramakrishnan, Inc., reported 2021 net income of $55 million and depreciation of $3,050,000. The top part of Rama 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 $ 60 89 $ 19 85 Accrued wages and taxes Accounts payable $ 34 $ 28 67 60 Inventory 195 Total 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 Net cash value

Ramakrishnan, Inc., reported 2021 net income of $55 million and depreciation of $3,050,000. The top part of Rama 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 $ 60 89 $ 19 85 Accrued wages and taxes Accounts payable $ 34 $ 28 67 60 Inventory 195 Total 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 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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