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ected data derived from the income statement and balance sheet of National Beverage Co. for a recent year are as follows: come statement data
ected data derived from the income statement and balance sheet of National Beverage Co. for a recent year are as follows: come statement data (in thousands): Net income $140,924 Loss on disposal of property (100) Depreciation expense 13,023 Other Items involving noncash expense 752 Balance sheet data (in thousands): Increase in accounts receivable Increase in inventory Increase in prepaid expenses Increase in accounts payable and other current liabilities 12,358 7,035 10,981 16,564 This information has been collected in the Microsoft Excel Online file. Open the spreadsheet, perform the required analysis, and input your answers in the questions below.
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