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Pizza International, Incorporated, reported the following information (in thousands): Operating Activities Net Income Depreciation Increase in receivables Decrease in inventory Increase in prepaid expenses Decrease
Pizza International, Incorporated, reported the following information (in thousands): Operating Activities Net Income Depreciation Increase in receivables Decrease in inventory Increase in prepaid expenses Decrease in accounts payable Increase in accrued liabilities Decrease in income taxes payable Payments on notes payable Cash paid for equipment $ 101 33,310 171 645 665 8,721 720 2,723 12,692 29,074 Required: 1. Based on this information, compute cash flow from operating activities using the indirect method. 2. What was the primary reason that Pizza International was able to report large positive cash flow from operations despite nearly having a net loss? Complete this question by entering your answers in the tabs below. Required 1 Required 2 Based on this information, compute cash flow from operating activities using the indirect method. (Enter your answers in thousands. Amounts to be deducted should be indicated with a minus sign.) PIZZA INTERNATIONAL, INCORPORATED Cash Flow from Operating ActivitiesIndirect Method (in thousands)
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