Question: Ramakrishnan, Inc., reported 2015 net income of $40 million and depreciation of $2,900,000. The top part of Ramakrishnan, Inc.'s 2015 and 2014 balance sheets is reproduced below (in millions of dollars).
|
2015 |
|
2014 |
|
|
2015 |
|
2014 |
|
| Current assets: |
|
|
|
|
|
|
Current liabilities: |
|
|
|
|
|
|
| Cash and marketable securities |
$ |
45 |
|
$ |
16 |
|
Accrued wages and taxes |
$ |
28 |
|
$ |
25 |
|
| Accounts receivable |
|
85 |
|
|
82 |
|
Accounts payable |
|
89 |
|
|
85 |
|
| Inventory |
|
161 |
|
|
124 |
|
Notes payable |
|
85 |
|
|
80 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Total |
$ |
291 |
|
$ |
222 |
|
Total |
$ |
202 |
|
$ |
190 |
|
Calculate the 2015 net cash flow from operating activities for Ramakrishnan, Inc. (Enter your answer in dollars not in millions.)