Ramakrishnan, Incorporated, reported 2024 net income of $20 million and depreciation of $3,400,000. The top part of Ramakrishnan, Incorporated’s 2024 and 2023 balance sheets is reproduced below (in millions of dollars): 2024 2023 2024 2023 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 Calculate the 2024 net cash flow from operating activities for Ramakrishnan, Incorporated. Note: Enter your answer in dollars not in millions. done

Ramakrishnan, Incorporated, reported 2024 net income of $20 million and depreciation of $3,400,000. The top part of Ramakrishnan, Incorporated’s 2024 and 2023 balance sheets is reproduced below (in millions of dollars): 2024 2023 2024 2023 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 Calculate the 2024 net cash flow from operating activities for Ramakrishnan, Incorporated. Note: Enter your answer in dollars not in millions. done

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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	2024	2023		2024	2023
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

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