Ramakrishnan Inc. reported 2015 net income of $15 million and depreciation of $2,650,000. The top part of
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Ramakrishnan Inc. reported 2015 net income of $15 million and depreciation of $2,650,000. The top part of Ramakrishnan, Inc.’s 2015 and 2014 balance sheets is listed as follows (in millions ofdollars).
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Current assets: 2015 2014 Current liabilities: 2015 2014 Cash and marketable Accrued wages and S 20 S 15 S 19 S 18 45 40 S115 S103 securities 75 121 10 S225 S200 taxes Accounts payable Notes payable Accounts receivable Inventorv 84 51 45 Total Total
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Finance Applications and Theory
ISBN: 978-0077861681
3rd edition
Authors: Marcia Cornett, Troy Adair
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