Ramakrishnan, Inc., reported 2021 net income of $20 million and depreciation of $2,700,000. The top part of Ramakrishnan, Inc's,2021 and 2020 balance sheets is reproduced below (in millions of dollars):2021202020212020Current assets:Cash and marketable sečuritiesAccounts receivableInventoryCurrent liabilities:Accrued wages and taxesAccounts payableNotes payable$ 25$ 2165$ 24$ 127811673851396560Total$249$206Total$162$146Calculate the 2021 net cash flow from operating activities for Ramakrishnan, Inc. (Enter your answer in dollars not in millions.)

Net Income = 20 million Depreciation = 2.7 million Increase in Cash and Marketable securities = 13…

Answered: Ramakrishnan, Inc., reported 2021 net…

Fundamentals Of Financial Management, Concise Edition (mindtap Course List)

10th Edition

ISBN:9781337902571

Author:Eugene F. Brigham, Joel F. Houston

Publisher:Eugene F. Brigham, Joel F. Houston

Chapter3: Financial Statements, Cash Flow, And Taxes

Section: Chapter Questions

Problem 19SP

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Ramakrishnan, Inc., reported 2021 net income of $55 million and depreciation of $3,050,000. The top part of Ramakrishnan, Inc.'s, 2021 and 2020 balance sheets is reproduced below (in millions of dollars): 2021 2020 2021 2020 Current assets: Cash and marketable securities Accounts receivable $ 60 $ 19 89 85 Current liabilities: Accrued wages and taxes Accounts payable $ 34 $ 28 67 60 Inventory Total 195 130 $344 $234 Notes payable 60 55 Total $161 $143 Calculate the 2021 net cash flow from operating activities for Ramakrishnan, Inc. (Enter your answer in dollars not in millions.) Net cash value $ 2
Ramakrishnan, Inc., reported 2021 net income of $30 million and depreciation of $2,800,000. The top part of Ramakrishnan, Inc.'s, 2021 and 2020 balance sheets is reproduced below (in millions of dollars): Current assets: Cash and marketable securities Accounts receivable Inventory Total Net cash value $ 2021 $ 35 85 152 $272 8,600,000 LUNCU 2020 $ 14 80 120 $214 Current liabilities: Accrued wages and taxes Accounts payable Notes payable Total Calculate the 2021 net cash flow from operating activities for Ramakrishnan, Inc. (Enter your answer in dollars not in millions.) 2021 $ 28 80 75 $183 2020 $ 23 75 70 $168 He
Ramakrishnan, Inc., reported 2021 net income of $25 million and depreciation of $2,750,000. The top part of Ramakrishnan, inc's 2021 and 2020 balance sheets is reproduced below (in millions of collars): 2021 2020 2021 2020 Current assets: Current sabilties: Cash and marketable securities $30 S 13 Accrued wages and taxes $ 26 5 22 Accounts receivable 85 79 Accounts payable 79 70 Inventory 146 118 Notes payable 70 65 Total $ 261 $210 Total S 175 $157 Calculate the 2023 net cash flow from operating activities for Ramakrishnan, Inc. (Enter your answer in dollars not in millions.
Ramakrishnan, Inc., reported 2021 net income of $50 million and depreciation of $3,000,000. The top part of Ramakrishnan, Inc.'s, 2021 and 2020 balance sheets is reproduced below (in millions of dollars): 2021 2020 2021 2020 Current assets: Current liabilities: Cash and marketable securities Accounts receivable $ 55 $ 18 Accrued wages and taxes $ 36 $ 27 89 84 Accounts payable 101 95 Inventory Total 186 $330 128 Notes payable 95 90 $230 Total $232 $212 Calculate the 2021 net cash flow from operating activities for Ramakrishnan, Inc. (Enter your answer in dollars not in millions.) Net cash value
Ramakrishnan, Inc., reported 2021 net income of $20 million and depreciation of $3,400,000. The top part of Ramakrishnan, Inc.’s, 2021 and 2020 balance sheets is reproduced below (in millions of dollars): 2021 2020 2021 2020 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
Ramakrishnan, Inc, reported 2021 net income of $20 million and depreciation of $2,700,000. The top part of Ramakrishnan, Inc.s 2021 and 2020 balance sheets is reproduced below (in millions of dollars): 2021 202 2023 2020 Current assets: Cash and market able seturities Accounts recelvable Inventory Current liabilities Accrued weges and taxes Accounts payable Notes payable Total $ 25 85 $ 12 $ 24 $ 21 65 78 116 $206 73 199 65 Total $249 $162 $146 Calculate the 2021 net cash flow from operating activities for Ramakrishnan, Inc. (Enter your answer in dollars not in millions)
Some selected financial statement items belonging to PXR Company are given in the table below. According to this information, which of the following is Return on Assets (ROA) in 2021? Receivables 18,500 Total Assets in 2021 130,000 Current Liabilities 42,000 Total Assets in 2020 110,000 Profit before Tax 18,000 Tax 3,000 Select one: a. 0.125 b. 0.150 c. 0.205 d. 0.137
Below is the Statement of Financial Position of Camille Corporation for the year 2020.Cash 675,000Accounts receivable (net) 2,695,000Inventory 2,185,000Property, plant, and equipment (net) 10,245,000Accounts payable and accrued liabilities 1,800,000Income tax payable 1,500,000Deferred tax liability 750,000Ordinary share (100,000 @ P15 per share) 1,500,000Preference share (50,000 @ P20 per share) 1,000,000Ordinary share premium 3,000,000Retained earnings, January 1 3,350,000Net sales and other revenue 15,000,000Cost and expenses 10,000,000Income tax expense 2,100,00027,900,000 27,900,000a. Supposed that the given values above are the accounting values of the Camille Corporation, what is its book value per share?b. Suppose that the market value of property, plant, and equipment of Camille Corporation increased by P3 million while all other assets remain the same. How much is the liquidation value per share of Camille Corporation?
Suppose the following financial data were reported by 3M Company for 2019 and 2020 (dollars in millions). 3M CompanyBalance Sheets (partial) 2020 2019Current assets Cash and cash equivalents $3,180 $1,836Accounts receivable, net 3,600 3,180Inventories 2,738 3,019Other current assets 1,932 1,590Total current assets $11,450 $9,625Current liabilities $4,830 $5,887 Calculate the current ratio and working capital for 3M for 2019 and 2020. (Round current ratio to 2 decimal places, e.g. 1.25 : 1. Enter working capital answers to million.) Current ratio 2019 :12020 :1 Working capital 2019 $ million2020 $ million Link to Text
The top part of Ramakrishnan, Inc.'s, 2021 and 2020 balance sheets is listed below (in millions of dollars). 2021 2020 Current assets: Cash and marketable securities Accounts receivable Inventory Total $ 34 143 206 $383 $ 25 128 187 $340 Current liabilities: Accrued wages and taxes Accounts payable Notes payable Total 2021 $ 32 87 76 $195 2020 $ 31 76 68 $175
Ramakrishnan, Inc., reported 2021 net income of $55 million and depreciation of $3,050,000. The top part of Ramakrishnan, Inc.'s, 2021 and 2020 balance sheets is reproduced below (in millions of dollars): Current assets: Cash and marketable securities Accounts receivable Inventory Total 2021 2020 $ 60 $19 89 195 $344 85 130 $234 Answer is complete but not entirely correct. S Net cash value 183 Current liabilities: Accrued wages and taxes Accounts payable Notes payable Total 2021 $34 67 60 $161 Calculate the 2021 net cash flow from operating activities for Ramakrishnan, Inc. (Enter your answer in dollars not in millions.) 2020 $28 60 55 $143
Suppose the following financial data were reported by 3M Company for 2019 and 2020 (dollars in millions). 3M CompanyBalance Sheets (partial) 2020 2019Current assets Cash and cash equivalents $3,200 $1,845Accounts receivable, net 3,450 3,180Inventories 2,639 3,042Other current assets 1,872 1,549Total current assets $11,161 $9,616Current liabilities $4,853 $5,893 (a)Calculate the current ratio and working capital for 3M for 2019 and 2020. (Round current ratio to 2 decimal places, e.g. 1.25 : 1. Enter working capital answers to million.) Current ratio 2019 :12020 :1 Working capital 2019 $ million2020 $ million (b)The parts of this question must be completed in order. This part will be available when you complete the part above.

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