Reference no: EM132056171
Question - 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) 43,993
Losses on inventory write-down and fixed assets 7
Depreciation expense 10174
Stock-based compensation expense (noncash) 290
Balance sheet data (in thousands):
Increase in accounts receivable 5679
Increase in inventory 7509
Decrease in prepaid expenses 2239
Decrease in accounts payable and other current liabilities 1341
a. Prepare the Cash Flows from Operating Activities section of the statement of cash flows, using the indirect method for National Beverage Co.
b. Net cash flow from operating activities, $150 Interpret your results in part (a).
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