Ramakrishnan, Inc. reported 2018 net income of $10 million and depreciation of $2,600,000. The top...
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Accounting
Ramakrishnan, Inc. reported 2018 net income of $10 million and depreciation of $2,600,000. The top part of Ramakrishnan, Inc.s 2018 and 2017 balance sheets is listed below (in millions of dollars).
| 2018 | 2017 | 2018 | 2017 | ||||||||||||
| Current assets: | Current liabilities: | ||||||||||||||
| Cash and marketable securities | $ | 15 | $ | 10 | Accrued wages and taxes | $ | 21 | $ | 19 | ||||||
| Accounts receivable | 85 | 76 | Accounts payable | 61 | 55 | ||||||||||
| Inventory | 122 | 112 | Notes payable | 35 | 30 | ||||||||||
| Total | $ | 222 | $ | 198 | Total | $ | 117 | $ | 104 | ||||||
Calculate the 2018 net cash flow from operating activities for Ramakrishnan, Inc. (Enter your answer in dollars not in millions.)
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