Ramakrishnan Inc.reported 2018 net income of $20 million and depreciation of $1,500,000.The top part of Ramakrishnan,Inc.'s 2017 and 2018 balance sheets is listed as follows (in millions of dollars). Calculate the 2018 net cash flow from operating activities for Ramakrishnan,Inc.
A) $12,500,000
B) $10,500,000
C) $8,500,000
D) $7,100,000

Question

Ramakrishnan Inc.reported 2018 net income of $20 million and depreciation of $1,500,000.The top part of Ramakrishnan,Inc.'s 2017 and 2018 balance sheets is listed as follows (in millions of dollars).  Calculate the 2018 net cash flow from operating activities for Ramakrishnan,Inc.
A) $12,500,000 
B) $10,500,000 
C) $8,500,000 
D) $7,100,000

Quizplus · Accepted Answer

20 + [1.5 + 2 + 5] - [9 + 11] = $8.5m