Question: Ex 14-16 (p. 678) (Adapted) Selected data derived from the income statement and balance sheet of National Beverage Co. for a recent year are as
Ex 14-16 (p. 678) (Adapted) 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 earnings (loss) $49,775 Losses on inventory write-down and fixed assets 6 Depreciation expense 15,602 Stock-based compensation expense (noncash) 275 Balance sheet data (in thousands): Increase in accounts receivable 5,472 Increase in inventory Decrease in prepaid expenses 1,150 Decrease in accounts payable and other current liabilities 1,782 7,447 a) Prepare the Cash Flows from Operating Activities section of the statement of cash flows, using the indirect method for National Beverage Co. b) Interpret your results from part (a). Why is the cash flow from operating activity different from the reported net income
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