Ramakrishnan, Inc. reported 2018 net income of $80 million and depreciation of $3,300,000. The top part of
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Ramakrishnan, Inc. reported 2018 net income of $80 million and depreciation of $3,300,000. The top part of Ramakrishnan, Inc.'s 2018 and 2017 balance sheets is listed below in millions of dollars).
2018 | 2017 | 2018 | 2017 | ||
Current assets | Current liabilities | ||||
Cash and marketable securities | 85$ | 24$ | Accrued wages and taxes | 43$ | 33$ |
Accounts receivable | 94$ | 90$ | Accounts payable | 58 | 50 |
Inventory | 234 | 140 | Notes payable | 50 | 45 |
Total | 413$ | 254$ | Total | 151$ | 128$ |
Calculate the 2018 net cash flow from operating activities for Ramakrishnan, Inc. (Enter your answer in dollars not in millions.)
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