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Please answer this question with the work you did you did to get this answer. Also please make sure i can see the whole problem,
Please answer this question with the work you did you did to get this answer. Also please make sure i can see the whole problem, sometimes answers get cut off. This is all one question it just doesnt fit in one picture. Thank you !!
Cash Flows from Operating Activities-Indirect Method 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 $49,311 Gain on disposal of property 1,188 Depreciation expense 11,580 Other items involving noncash expense 1,383 Balance sheet data (in thousands): Increase in accounts receivable 1,746 Decrease in inventory 990 Increase in prepaid expenses 605 Decrease in accounts payable and other current liabilities 1,705 a. Prepare the Cash Flows from 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 National Beverage Co. Cash Flows from Operating Activities (in thousands) Cash flows from operating activities: Adjustments to reconcile net income to net cash flow from operating activities: Changes in current operating assets and liabilities: $ Net cash flow from operating activities b. 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 Step by Step Solution
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