Question: Question Content Area Cash Flows from Operating ActivitiesIndirect Method Selected data (in thousands) derived from the income statement and balance sheet of National Beverage Corp.
Question Content Area Cash Flows from Operating ActivitiesIndirect 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 $49,275 Gain on disposal of property 1,195 Depreciation expense 11,545 Other items involving noncash expenses 1,355 Balance sheet data: Increase in accounts receivable 1,770 Decrease in inventory 990 Increase in prepaid expenses 565 Decrease in accounts payable 690 Decrease in accrued and other current liabilities 1,020 Question Content Area 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 outflows, 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: $- Select - blank Adjustments to reconcile net income to net cash flow from operating activities: - Select - - Select - - Select - Changes in current operating assets and liabilities: - Select - - Select - - Select - - Select - blank - Select - Net cash flow from operating activities $fill in the blank 0b151cf5cfabf96_19 Question Content Area 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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