Ramakrishnan, Incorporated, reported 2024 net income of $60 million and depreciation of $3,100,000. The top part of Ramakrishnan,Incorporated's 2024 and 2023 balance sheets is reproduced below (in millions of dollars):Current assets:Cash and marketable securitiesAccounts receivableInventoryTotal2024Net cash flow2023$ 6590202$ 357 $ 238$ 2086132Current liabilities:Accrued vages and taxesAccounts payableNotes payableTotalCalculate the 2024 net cash flow from operating activities for Ramakrishnan, Incorporated.Note: Enter your answer in dollars not in millions.2024$ 357365$1732023$ 296560$154

The cash flows refer to the amount of cash that is transferred into and out of the firm because of…

Ramakrishnan, Incorporated, reported 2024 net income of $60 million and depreciation of $3,100,000. The top part of Ramakrishnan, Incorporated's 2024 and 2023 balance sheets is reproduced below (in millions of dollars): Current assets: Cash and marketable securities Accounts receivable Inventory Total 2024 $ 65 90 202 $ 357 2023 $ 20 86 132 $ 238 Current liabilities: Accrued vages and taxes Accounts payable Notes payable Total Calculate the 2024 net cash flow from operating activities for Ramakrishnan, Incorporated. Note: Enter your answer in dollars not in millions. Net cash flow 2024 $ 35 73 65 $173 2023 $ 29 65 60 $ 154

Ramakrishnan, Incorporated, reported 2024 net income of $60 million and depreciation of $3,100,000. The top part of Ramakrishnan, Incorporated's 2024 and 2023 balance sheets is reproduced below (in millions of dollars): Current assets: Cash and marketable securities Accounts receivable Inventory Total 2024 $ 65 90 202 $ 357 2023 $ 20 86 132 $ 238 Current liabilities: Accrued vages and taxes Accounts payable Notes payable Total Calculate the 2024 net cash flow from operating activities for Ramakrishnan, Incorporated. Note: Enter your answer in dollars not in millions. Net cash flow 2024 $ 35 73 65 $173 2023 $ 29 65 60 $ 154

Cornerstones of Financial Accounting

4th Edition

ISBN:9781337690881

Author:Jay Rich, Jeff Jones

Publisher:Jay Rich, Jeff Jones

Chapter11: The Statement Of Cash Flows

Section: Chapter Questions

Problem 13MCQ

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