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Selected data (in thousands) derived from the income statement and balance sheet of National Beverage Corp. for a recent year are as follows: $49,311 1,188
Selected data (in thousands) derived from the income statement and balance sheet of National Beverage Corp. for a recent year are as follows: $49,311 1,188 Income statement data: Net income Gain on disposal of property Depreciation expense Other items involving noncash expenses Balance sheet data: Increase in accounts receivable 11,580 1,383 1,746 Decrease in inventory 990 605 Increase in prepaid expenses Decrease in accounts payable Decrease in accrued and other current liabilities 710 995 a. Prepare the Cash Flows from Operating Activities section of the statement of cash flows, using the indirect method for National Beverage Corp. 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 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
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