Ramakrishnan, Incorporated, reported 2024 net income of $55 million and depreciation of $3,050,000. The top...
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Ramakrishnan, Incorporated, reported 2024 net income of $55 million and depreciation of $3,050,000. 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 2024 Net cash flow $ 60 89 195 $ 344 2023 $ 19 85 130 $ 234 Current liabilities: Accrued wages and taxes Accounts payable Notes payable Total Calculate the 2024 net cash flow from operating activities for Ramakrishnan, Incorporated. Note: Enter your answer in dollars not in millions. 2024 2023 $ 34 $ 28 67 60 60 55 $ 161 $ 143
Problem 2-9 Statement of Cash Flows (LG2-4) Ramakrishnan, incorporated, reported 2024 net income of $55 million and depreciation of $3,050,000. The top part of Ramakrishnan, Incorporated's 2024 and 2023 balance sheets is reproduced below (in millions of dollars): Calculate the 2024 net cash flow from operating activities for Ramakrishnan, Incorporated. Note: Enter your answer in dollars not in millions
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