Problem 2-9 Statement of Cash Flows (LG2-4)Ramakrishnan, Inc. reported 2018 net income of $20 million and depreciation of $3,400,000. The top part of Ramakrishnan, Inc.’s 2018 and 2017 balance sheets is listed below (in millions of dollars). 2018 2017 2018 2017Current assets: Current liabilities: Cash and marketable securities$25 $26 Accrued wages and taxes$43 $35 Accounts receivable 98 92 Accounts payable 69 60 Inventory 170 144 Notes payable 60 55 Total$293 $262 Total$172 $150 Calculate the 2018 net cash flow from operating activities for Ramakrishnan, Inc. (Enter your answer in dollars not in millions.)

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Answered: Problem 2-9 Statement of Cash Flows…

Cornerstones of Financial Accounting

4th Edition

ISBN:9781337690881

Author:Jay Rich, Jeff Jones

Publisher:Jay Rich, Jeff Jones

Chapter2: The Accounting Information System

Section: Chapter Questions

Problem 64.2C

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Problem 2-9 Statement of Cash Flows (LG2-4)

Ramakrishnan, Inc. reported 2018 net income of $20 million and depreciation of $3,400,000. 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	$	25		$	26		Accrued wages and taxes	$	43	$	35
Accounts receivable		98			92		Accounts payable		69		60
Inventory		170			144		Notes payable		60		55
Total	$	293		$	262		Total	$	172	$	150

Calculate the 2018 net cash flow from operating activities for Ramakrishnan, Inc. (Enter your answer in dollars not in millions.)

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