Ramakrishnan Inc. reported 2018 net income of $15 million and depreciation of $2,650,000. The top part of
Question:
Ramakrishnan Inc. reported 2018 net income of $15 million and depreciation of $2,650,000. The top part of Ramakrishnan, Inc.'s 2018 and 2017 balance sheets is listed below (in millions of dollars).
Calculate the 2018 net cash flow from operating activities for Ramakrishnan, Inc.?
Transcribed Image Text:
Current assets 2018 2017 Current liabilities 2018 2017 Cash and marketable Accrued wages and $ 20 S 15 75 121 110 $225 $200 S 19 $ 18 45 40 $115 $103 securities Accounts receivable Inventory taxes Accounts payable Notes payable 51 45 84 Total Total
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 87% (8 reviews)
Cash Flows from Operating Activities Net income 15000000 Additions so...View the full answer
Answered By
Jayshree Rathi
Hello Students!
This is Jayshree Rathi. I work on a number of renowned student-centric channels such as Chegg, coursehero, as a certified private tutor.
If you are looking for relevant and original content to complete your assignments, essays, and homework, then contact me and within the promised time, I will deliver you your personalized academic work and help you score the best.
4.80+
1+ Reviews
10+ Question Solved
Related Book For
Question Posted:
Students also viewed these Auditing questions
-
J.T. Brooks and Company, a manufacturer of quality handmade walnut bowls, has had a steady growth in sales for the past 5 years. However, increased competition has led Mr. Brooks, the president, to...
-
On January 1, 2011, Stern Corporation purchased 100 shares of common stock issued by Milstein, Inc. (representing 12 percent of the total shares outstanding) for $ 6,000 and 500 shares of Heifetz...
-
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...
-
E. Blood Flow Through the Kidneys Trace blood flow through the kidneys. Start at the renal artery and number the blood vessels in sequence. afferent arteriole arcuate artery arcuate vein efferent...
-
Myles Company expects to produce 1,200,000 units of Product XX in 2012. Monthly production is expected to range from 80,000 to 120,000 units. Budgeted variable manufacturing costs per unit are:...
-
Selected transactions for L. Takemoto, an interior decorating firm, in its first month of business, are shown below and on page 86. Jan. 2 Invested $15,000 cash in the business in exchange for common...
-
One year ago, Bioette, a biotech incubator, entered into a forward contract to sell one of its patents to Pharm, a major drug company, in 2 years for \(\$ 10\) million. Currently, with only 1 year...
-
Why is it advantageous to budget for capital outlays apart from operating expenditures?
-
Explain how convergence differs from harmonization. In your opinion, what are the two most important arguments in favor of international convergence for US public companies? In your opinion, what are...
-
On 1 July 206 Mumtaz started a business. The following are her transactions for the first two weeks of trading: July 1 Mumtaz paid capital, $50,000, into the business bank account 2 Bought premises,...
-
Hunt Taxidermy, Inc., is concerned about the taxes paid by the company in 2018. In addition to $42.4 million of taxable income, the firm received $2,975,000 of interest on state-issued bonds and...
-
Shown below are partial financial statements for Garners' Platoon Mental Health Care, Inc. Fill in the blanks on the four financial statements. Garners' Platoon Mental Health Care, Inc. Statement of...
-
The seller breaches and never delivers a rare work of art that is one-of-a-kind. To obtain this artwork, the buyer may seek to obtain .
-
The law of increasing costs is explained by each of the following except __________. a) the law of diminishing returns b) diseconomies of scale c) factor suitability d) overspecialization
-
Which of the following would be the most accurate description of our economy since the end of 2007? a) We have had virtually no economic problems. b) We experienced the worst economic mess since the...
-
What is diversification? Does a stockholder get a greater benefit from diversification when going from 1 to 10 stocks or when going from 100 to 120 stocks?
-
As we produce increasing amounts of a particular good, the resources used in its production ________. a) become more suitable b) become less suitable c) continue to have the same suitability
-
Which statement is true? a) Although our economy was not performing well, college graduates from the class of 2012 received more job offers than any other graduating class in history. b) The economic...
-
What is the physical or logical connection between a sender and a receiver called? This connection is usually broken into several parts. What are those parts called? What are the connection points...
-
In Exercises, find the equation of the tangent line at the given point on each curve. 2y 2 - x = 4; (16, 2)
-
Consider a firm with an EBIT of $10,500,000. The firm finances its assets with $50,000,000 debt (costing 6.5 percent) and 10,000,000 shares of stock selling at $10.00 per share. The firm is...
-
The Dakota Corporation had a 2015 taxable income of $33,365,000 from operations after all operating costs but before (1) Interest charges of $8,500,000; (2) Dividends received of $750,000; (3)...
-
Suppose that in addition to $17.85 million of taxable income, Texas Taco, Inc., received $1,105,000 of interest on state-issued bonds and $760,000 of dividends on common stock it owns in ArizonaTaco,...
-
You create a new project roadmap that is visually appealing and contains all the information for the stakeholders to reference. However, this document took a lot of time to create and has caused some...
-
1) What are the benefits of a long-term perspective on value creation? For companies? For the economy? 2) What is the relationship between the stock market and the real economy in terms of measures...
-
1) Consider the general form of the parent power function f(x)=x" to the transformed function g(x)=alk(x-d)]" + c, where n E N and x E R. a) Write the general mapping rule from f(x) to g(x). [C-2] b)...
Study smarter with the SolutionInn App