Fallon Corporation reports net income of $370,000. Accounts Receivable balances at the beginning and end of the year were $40,000 and $48,000, respectively. Beginning and ending Inventory balances were $60,000 and $54,000, respectively. What is the company’s cash inflows from operating activities?

Answer rating: 100% (QA)

We can calculate Fallon Corporations cash inflows from operating activities using the indirect metho... View the full answer