Question: Cash flows from operating activities Selected data derived from the income statement and balance sheet of National Beverage Co. for a recent year are as

Cash flows from operating activities 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 $139,271 Loss on disposal of property (154) Depreciation expense 13,117 Other items involving noncash expense 858 Balance sheet data (in thousands): Increase in accounts receivable Increase in inventory Increase in prepaid expenses Increase in accounts payable and other current liabilities 12,540 7,022 10,117 17,502 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. X a. 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: Adjustments to reconcile net income to net cash flows from (used for) operating activities: Changes in current operating assets and liabilities: Net cash flows from operating activities net cash flow from operating activities. The in sales. In addition, the company is using its cash to Overall, National Beverage is b. The company has earnings and increase in accounts receivable indicates a(n). decrease its accounts payable balance, which indicates that the company is doing financially

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