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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: Income statement data
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 $
Loss on disposal of property
Depreciation expense
Other items involving noncash expense
Balance sheet data in thousands:
Increase in accounts receivable
Increase in inventory
Increase in prepaid expenses
Increase in accounts payable and other current liabilities
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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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
Cash flows from used for operating activities:
Net income
$fill in the blank
Adjustments to reconcile net income to net
cash flows from used for operating activities:
Depreciation expense
fill in the blank
Loss on disposal of property
fill in the blank
Other items involving noncash expense
fill in the blank
Changes in current operating assets and liabilities:
Increase in accounts receivable
fill in the blank
Increase in inventory
fill in the blank
Increase in prepaid expenses
fill in the blank
Increase in accounts payable and other current liabilities
fill in the blank
Net cash flows from operating activities $fill in the blank
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