Ramakrishnan, Inc. reported 2018 net income of $50 million and depreciation of $

Question

Ramakrishnan, Inc. reported 2018 net income of $50 million and depreciation of $3,000,000. 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 Accounts receivable Inventory $ 55 18 84 186 120 Accrued wages and taxes Accounts payable Notes payable $ 36 101 95 27 95 90 89 Total $330 $230 Total $232 $212 Calculate the 2018 net cash flow from operating activities for Ramakrishnan, Inc. (Enter your answer in dollars not in millions.) Net cash value

Explanation / Answer

Net income 50,000,000 Add:depreciation expense 3,000,000 Less:increase in AR(89-84)million (5,000,000) Less:increase in inventory(186-128)million (58,000,000) Add:increase in accrued wages and taxes(36-27)million 9,000,000 Add:increase in AP(101-95)million 6,000,000 Net cash flow from operating activities $5,000,000.

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