Question
1 Income statement data (in thousands): 2 Net earnings (loss) $43,993.00 3 Losses on inventory write-down and fixed assets 7.00 4 Depreciation expense 10,174.00 5
1 | Income statement data (in thousands): |
|
2 | Net earnings (loss) | $43,993.00 |
3 | Losses on inventory write-down and fixed assets | 7.00 |
4 | Depreciation expense | 10,174.00 |
5 | Stock-based compensation expense (noncash) | 290.00 |
6 | Balance sheet data (in thousands): |
|
7 | Increase in accounts receivable | 5,679.00 |
8 | Increase in inventory | 7,509.00 |
9 | Decrease in prepaid expenses | 2,239.00 |
10 | Decrease in accounts payable and other current liabilities | 1,341.00 |
b. Interpret your results in part (a).
The company has____________ earnings and ___________net cash flow from operating activities. The increase in accounts receivable indicates a(n)_________ in sales. In addition, the company is using its cash to decrease its accounts payable balance, which indicates that the company is_____________________________ . Overall, National Beverage is doing _______________ financially.
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