Ramakrishnan, Inc., reported 2021 net income of $30 million and depreciation of $2,800,000. The top part of
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Ramakrishnan, Inc., reported 2021 net income of $30 million and depreciation of $2,800,000. The top part of Ramakrishnan, Inc.’s, 2021 and 2020 balance sheets is reproduced below (in millions of dollars):
| 2021 | 2020 | 2021 | 2020 | ||||||||||||
| Current assets: | Current liabilities: | ||||||||||||||
| Cash and marketable securities | $ | 35 | $ | 14 | Accrued wages and taxes | $ | 28 | $ | 23 | ||||||
| Accounts receivable | 85 | 80 | Accounts payable | 80 | 75 | ||||||||||
| Inventory | 152 | 120 | Notes payable | 75 | 70 | ||||||||||
| Total | $ | 272 | $ | 214 | Total | $ | 183 | $ | 168 | ||||||
Calculate the 2021 net cash flow from operating activities for Ramakrishnan, Inc. (Enter your answer in dollars not in millions.)
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