Cash Flows from Operating Activities-Indirect Method Selected data (in thousands) derived from the income statement and balance sheet of National Beverage Corp. for a recent year are as follows: Income statement data: Net income $49,311 Gain on disposal of property 1,188 Depreciation expense. 11,580 Other items involving noncash expenses i 1,383 Balance sheet data: Increase in accounts receivable Decrease in inventory Increase in prepaid expenses 1,746 990 605 Decrease in accounts payable 710 Decrease in accrued and other current liabilities 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 Cash flows from operating activities: (in thousands) 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) a(n) 000 00000 earnings and net cash flow from operating activities. The increase in accounts receivable indicates in sales. In addition, the company is using its cash to decrease its accounts payable balance, which indicates that the company is financially. Overall, National Beverage is doing D Previous Next