Ramakrishnan, Incorporated, reported 2024 net income of $50 million and depreciation of $3,000,000. The top part of Ramakrishnan, Incorporated's 2024 and 2023 balance sheets is reproduced below (in millions of dollars): Current assets: Cash and marketable securities Accounts receivable Inventory Total Net cash flow S 2024 $ 55 89 186 $ 330 Calculate the 2024 net cash flow from operating activities for Ramakrishnan, Incorporated. Note: Enter your answer in dollars not in millions. 5 2023 $ 18 84 128 $ 230 Current liabilities: Accrued wages and taxes Accounts payable Notes payable Total 2024 $36 101 95 $ 232 2023 $ 27 95 90 $ 212
Ramakrishnan, Incorporated, reported 2024 net income of $50 million and depreciation of $3,000,000. The top part of Ramakrishnan, Incorporated's 2024 and 2023 balance sheets is reproduced below (in millions of dollars): Current assets: Cash and marketable securities Accounts receivable Inventory Total Net cash flow S 2024 $ 55 89 186 $ 330 Calculate the 2024 net cash flow from operating activities for Ramakrishnan, Incorporated. Note: Enter your answer in dollars not in millions. 5 2023 $ 18 84 128 $ 230 Current liabilities: Accrued wages and taxes Accounts payable Notes payable Total 2024 $36 101 95 $ 232 2023 $ 27 95 90 $ 212
Chapter16: Statement Of Cash Flows
Section: Chapter Questions
Problem 6EA: Use the following information from Birch Companys balance sheets to determine net cash flows from...
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