16.7

Cash flows from operating activities Selected data derived from the income statement and balance sheet of National Beverage Co. for a recent year are as follows: Income statement data (in thousands): Net Income $134,290 Loss on disposal of property (141) Depreciation expense 13,932 Other items involving noncash expense Balance sheet data (in thousands); Increase in accounts receivable 12,590 Increase in Inventory Increase in prepaid expenses 10,646 Increase in accounts payable and other current liabilities 16,653 This information has been collected in the Microsoft Excel Online Me. Open the spreadsheet, perform the required analysis, and input your answers in the questions belu 727 7,630 Open spreadsheet a. Prepare the Cash Flows from (used for) Operating Activities section of the statement of cash flows, using the indirect method for National Beverage Co. Use the minus sign to indicate cash out flows, cash payments, decreases in cash, or any negative adjustments. Enter the amounts in thousands of dollars, as shown above. National Beverage Co. Cash Flows from Operating Activities (in thousands) a. Prepare the cash Flows from used for) Operating Activides section of the statement or cash flows, using the Indirect method For National Beverage Co. Use the minus sign to indicate cash out nows, cash payments, decreases in cash, or any negative adjustments. Enter the amounts in thousands of dollars, as shown above National Beverage Co. Cash Flows from Operating Activities (in thousands) Cash flows from (used for) operating activities: Adjustments to reconcile net income to net cash flows from (used for) operating activities: Changes in current operating assets and abilities: Net cash flows from operating activities b. The company has an) carnings and net cash flow from operating activities. The increase in accounts receivable indicates 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