Reference no: EM132282268
Question - Alcan Corporation reports the following information for 2017.
Credit sales $599,000
Collections from customers 480,000
Interest received on investments 20,000
Dividends paid to common shareholders 11,000
Cost of goods sold 335,000
Payments to inventory suppliers 339,500
Amortization expense 25,000
Operating expenses 70,000
Payments for operating expenses 72,500
Interest and taxes paid 12,300
What is the net cash inflow from operating activities?
A) $64,700
B) $78,200
C) $75,700
D) $194,700