Vijay Ramakrishnan, Incorporated, reported 2024 net income of $50 million and depreciation of $3,000,000. The top part of Ramakrishnan,Incorporated's 2024 and 2023 balance sheets is reproduced below (in millions of dollars):Current assets:Cash and marketable securitiesAccounts receivableInventoryTotalNet cash flowS20245$ 5589186$ 330Calculate the 2024 net cash flow from operating activities for Ramakrishnan, Incorporated.Note: Enter your answer in dollars not in millions.2023$ 1884128$ 230Current liabilities:Accrued wages and taxesAccounts payableNotes payableTotal2024$3610195$ 2322023$ 279590$ 212

Net income = $50,000,000Depreciation =…

Ramakrishnan, Incorporated, reported 2024 net income of $50 million and depreciation of $3,000,000. 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 Net cash flow S 2024 $ 55 89 186 $ 330 Calculate the 2024 net cash flow from operating activities for Ramakrishnan, Incorporated. Note: Enter your answer in dollars not in millions. 5 2023 $ 18 84 128 $ 230 Current liabilities: Accrued wages and taxes Accounts payable Notes payable Total 2024 $36 101 95 $ 232 2023 $ 27 95 90 $ 212

Ramakrishnan, Incorporated, reported 2024 net income of $50 million and depreciation of $3,000,000. 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 Net cash flow S 2024 $ 55 89 186 $ 330 Calculate the 2024 net cash flow from operating activities for Ramakrishnan, Incorporated. Note: Enter your answer in dollars not in millions. 5 2023 $ 18 84 128 $ 230 Current liabilities: Accrued wages and taxes Accounts payable Notes payable Total 2024 $36 101 95 $ 232 2023 $ 27 95 90 $ 212

Principles of Accounting Volume 1

19th Edition

ISBN:9781947172685

Author:OpenStax

Publisher:OpenStax

Chapter16: Statement Of Cash Flows

Section: Chapter Questions

Problem 6EA: Use the following information from Birch Companys balance sheets to determine net cash flows from...

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