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Selected data derived from the income statement and balance sheet of National Beverage Co. for a recent year are as follows: 1 Income statement data
Selected data derived from the income statement and balance sheet of National Beverage Co. for a recent year are as follows:
1 | Income statement data (in thousands): |
|
2 | Net income | $43,993.00 |
3 | Depreciation expense | 10,651.00 |
4 | Losses on inventory write-down and fixed assets | 7.00 |
5 | Other noncash items | (187.00) |
6 | Balance sheet data (in thousands): |
|
7 | Increase in accounts receivable | 5,679.00 |
8 | Increase in inventory | 7,509.00 |
9 | Increase in prepaid expenses | 2,239.00 |
10 | Decrease in accounts payable and other current liabilities | 1,341.00 |
Required:
A. | Prepare the Cash Flows from Operating Activities section of the statement of cash flows, using the indirect method for National Beverage Co. Refer to the Amount Descriptions list provided for the exact wording of the answer choices for text entries. Use the minus sign to indicate cash outflows, cash payments, decreases in cash and for any adjustments, if required. |
B. | Interpret your results in part (a). |
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