Ramakrishnan Inc

question 103

Multiple Choice

Ramakrishnan Inc.reported 2013 net income of $20 million and depreciation of $1,500,000.The top part of Ramakrishnan,Inc.'s 2012 and 2013 balance sheets is listed as follows (in millions of dollars) .
Calculate the 2013 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

---

Definitions:

8%

A percentage, often representing an interest rate, return on investment, or growth rate.

Annuity Contract

A financial product sold by financial institutions that provide a fixed stream of payments to an individual for a period of time.

8% Return

An investment objective or outcome where the investor aims to achieve an annual return of 8 percent on the invested principal.

Interest Rate

The percentage at which interest is paid by a borrower for the use of money that they borrow from a lender.