Changes in current operating assets and liabilities:Net cash flow from operating activities Flows from Operating Activities-Indirect MethodSelected 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$49,275Gain on disposal of property1,215Depreciation expense11,630Other items involving noncash expenses1,430Balance sheet data:Increase in accounts receivable1,795Decrease in inventory1,005Increase in prepaid expenses615Decrease in accounts payable700Decrease in accrued and other current liabilities950a. 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, cashpayments, 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 flow from operating activities:Changes in current operating assets and liabilities:

The cash flow statement is the statement which has three sections and the cash flow from the…

Answered: ncome statement data: Net income…

ncome statement data: Net income $49,275 Gain on disposal of property 1,215 Depreciation expense 11,630 Other items involving noncash expenses 1,430 Balance sheet data:

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

See similar textbooks

Related questions

Q: 4 - ABC Co its selected financial statements items are given as following. Gross profit equals to…

A: solution : calculation of ROIC (return on invested capital) we know ROIC = EBIT…

Q: The income statement disclosed the following items for the year: Depreciation expense $53,200 Gain…

A: The cash flow statement is an essential part of the financial statements of the organization. It is…

Q: advise steps in calculating average net ppe when provided with balance sheet and notes to…

A: Net Property Plant Equipment (PPE) is simply the gross value of PPE including capital expenses minus…

Q: statement of cash flow 2019 GH¢’000 2018 GH¢’000 2017 GH¢’000 Cash flows from operating…

A: A common size financial statement denotes the line items as a percentage of common base figure.

Q: Consolidated Statements of Financial Position (millions of dollars) Assets Cash and cash equivalents…

A: Ratios are the mathematical expressions between two numbers conveying meaningful information which,…

Q: Assets Current Assets Cash Accounts receivable Inventories Other current assets Total current assets…

A: current ratio : It is a liquidity ratio which determines firms ability to pay short term…

Q: OA. $1.60 OB. $2.40 OC. $1.00 OD. $2.00

A: The EPS (earning per share) is the amount that is earned by shareholders after net income. The EPS…

Q: Income tax expense was $326,992 for the year. Income taxes payable was $32,742 and $46,193 at the…

A: Cash payment for income tax means the amount of income tax paid by the entity during a period. It is…

Q: The income statement disclosed the following items for the year: Line Item Description Amount…

A: Step 1: Cash flow statement.The cash flow statement is the financial statement that records all the…

Q: The following information is taken from the balance sheet of Atlanta Company: $1,368 1,480 $ 2,848…

A: Current ratio is a metric to measure the business's ability to pay it's current liabilities out of…

Q: Computing Asset Ratios The following information from Ike Inc. is from a recent Form 10-K, listed in…

A: Asset turnover is calculated by dividing net sales revenue by average total assets. Return on assets…

Q: Assets Current Assets Cash Accounts receivable Inventories Other current assets Long-Term Assets…

A: Current Ratio -Current ratios are often used to assess a company's short-term solvency. The…

Q: You are considering the purchase of a new machine for a project. Details of this potential purchase…

A: Cash flow statement considers only cash dealt items.

Q: statement of cash flow 2019 GH¢’000 2018 GH¢’000 2017 GH¢’000 Cash flows from operating…

A: Ratio analysis means computing the ratios to compare the ratios for different companies and periods.…

Q: pt depreciation d costs except depreciation will be S million. (Round to one decimal place and enter…

A: First lets find out what is the percent of existing figures(balance sheet and income statement) as a…

Q: Accounts payable 919 Accounts receivable 631 Accumulated depreciation 1,813 Cash 729 Common…

A: Income statement shows the net profit earned or loss incurred by the organization during the year.

Q: ek 1 Terminology Matching Continued Terminology Matching Long-Term Investments Ratio Analysis…

A: Every organization incurs liabilities in some form or the other. The amount of money it borrows for…

Q: nare Required Compute each the follow (Ro

A: Financial ratios are classified based on financial component of the company that they measure.

Q: Analyze the influence of return on sales and asset turnover on the return on assets (ROA). Use…

A: SOLUTION- Use the Absolute Difference comparison to match number values that are nearly, but not…

Q: Analyze the accounting treatment of Property, Plant and Equipment, including depreciation methods…

A: The question is asking for an analysis of the accounting treatment of Property, Plant and Equipment…

Q: The following information was reported by Amuse Yourself Parks (AYP): Net fixed assets (beginning of…

A: Fixed asset turnover ratio is an efficiency ratio. It measures how efficiently the company is using…

Q: Kindly make a thorough analysis or explanation of this ho

A: Balance sheet shows the financial position of the company. It includes the assets, liabilities, and…

Q: Assets Current assets Cash Accounts receivable Inventory Total Fixed assets Net plant and equipment…

A: Analyzing ratios is a method, in assessment to gauge how well a company is doing by looking at the…

Q: Fiscal Year Ended Make-ThemCorporation Current assets: Cash and cash equivalents Accounts…

A: Altman Z score is used to determine the chances of a company to bankrupt. In case the score is below…

Q: Balance sheet data for Alvarez Company on December 31, the end of two recent fiscal years, follows:…

A: Comparative financial statements are used to compare two or more years to understand the financial…

Q: Dec. 31, 20Y6 Dec. 31, 20Y5 Assets Cash $284,620 $266,290 Accounts receivable (net) 103,110…

A: The movement of cash and cash equivalents that enter and exit a company is summarized in the cash…

Q: The return on average shareholders' equity for 2022 is 63.8%. Calculate the return on average…

A: Part 2: ExplanationStep 1: Identify the Net Income for 2023 Locate the net income for the year 2023…

Q: Heritage Corporation's income statement and balance sheets are presented below. Heritage Antiquing…

A: “Since you have posted a question with multiple sub-parts, we will solve first three sub-parts for…

Q: The comparative balance sheet of Merrick Equipment Co. for December 31, 20Y9 and 20Y8, is as…

A: Cash flow statement is an important part of financial statement.Cash flow from operating activities…

Q: Prepare a balance sheet in report form as of December 31, 20Y8

A: A balance sheet is an accounting report that shows a corporation's assets liabilities, and…

Q: Problem No. 1. Cash Flow from Operating Activities: Profit and Loss Account for the year ended 31st…

A: Cash flow from operating activities is the section of a company’s cash flow statement that…

Q: QUESTION 1 Below are the statements of Financial Position for Grace Ltd as at 31 December, 2009 and…

A: Cash Flow Statement- A cash flow statement is an important component of the company's financial…

Q: What to put in the income statement based on this list? Inventory Buildings & Improvements…

A: An income statement is a statement that contains the income and expenditure incurred during the…

Q: Property, plant, and equipment Intangible assets Current liabilities Long-term liabilities Common…

A: VERTICAL ANALYSIS OF BALANCE SHEETVertical analysis is a proportional analysis of financial…

Q: Net income Depreciation Expense EBIT Tax Statement of Cash Flows For The Year Ended December…

Q: Depreciation expense $40,700 Gain on disposal of equipment 23,760 Net income 254,700 The changes in…

A: Answer a) Cash Flow Statement (Indirect Method) Cash Flow from (used for) Operating…

Q: The income statement disclosed the following items for the year: Depreciation expense $57,400 Gain…

A: Cash flow statement under indirect method from operating activities is calculated by Taking net…

Q: Question Content Area The following information is available from the current period financial…

A: The objective of the question is to calculate the net cash flows from operating activities using the…

Q: Accounts payable 919 Accounts receivable 631 Accumulated depreciation 1,813 Cash 729 Common…

A: Closing entries are prepared to close all the temporary accounts and transfer the balance to…

Q: is: Dec. 31, 20Y9 Dec. 31, 20Y8 Assets Cash $70,720 $47,940…

A: Statement of cash flows: This statement reports all the cash transactions which are responsible…

Q: Required: a. What is the ratio of real assets to total assets? (Hint: for this question, only…

A: Real Assets: Real assets are tangible possessions with inherent value derived from their composition…

Q: The following information is from Lacy's Inc. $ millions Prior Fiscal Year Current Fiscal Year Net…

A: The ratio analysis helps to analyze the financial statements of the business on the basis of various…

Q: Cash Flows from Operating Activities-Indirect Method The income statement disclosed the following…

A: Cash flow statement is a statement which is prepared to find out the cash comes in and goes out , by…

Question

Changes in current operating assets and liabilities:
Net cash flow from operating activities

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
$49,275
Gain on disposal of property
1,215
Depreciation expense
11,630
Other items involving noncash expenses
1,430
Balance sheet data:
Increase in accounts receivable
1,795
Decrease in inventory
1,005
Increase in prepaid expenses
615
Decrease in accounts payable
700
Decrease in accrued and other current liabilities
950
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:
Adjustments to reconcile net income to net cash flow from operating activities:
Changes in current operating assets and liabilities:

Expert Solution

This question has been solved!

Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.

SEE SOLUTION Check out a sample Q&A here

Step 1

VIEW

Step 2

VIEW

Step by step

Solved in 2 steps

SEE SOLUTION Check out a sample Q&A here

Knowledge Booster

Learn more about

Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, accounting and related others by exploring similar questions and additional content below.

Similar questions

Accounts payable 919 Accounts receivable 631 Accumulated depreciation 1,813 Cash 729 Common stock 1,387 Cost of goods sold 7,578 Current portion of long-term debt 24 Depreciation expense 108 Dividends 13 Goodwill and other long-term assets 2,627 Income tax expense 24 Income taxes payable 12 Interest expense 54 Interest revenue 11 Inventories 930 Long-term liabilities 1,585 Prepaid expenses and other current assets 65 Property and equipment 2,389 Retained earnings 825 Sales 9,710 Selling, general, and administrative expenses 2,276 Unearned revenue 990 Wages payable 148 Prepare the balance sheet.
What is the current ratio? I got 7.2:1
how did you get these numbers ? Year 2022: Weighted-Average accumulated expenditure Date Amount Capitalization period Weighted Average Accumulated Expenditures 1-Jan-22 $8,100,000 9/9 $8,100,000 31-Jan-22 $450,000 8/9 $400,000 30-Apr-22 $783,000 5/9 $435,000 31-Aug-22 $1,080,000 1/9 $120,000 Total $10,413,000 $9,055,000
What accounting concepts are used in the balance sheet (mainly on assets) based on the data provided below?
What is the net book value of asset
Net sales Cost of goods sold Gross profit Expenses: Operating expenses Depreciation expense Loss on sale of land Interest expense Income tax expense Total expenses Net income Assets Current assets: Cash For the Years Ended December 31 2025 $ 3,560,000 2,490,000 1,070,000 Accounts receivable Inventory Prepaid rent Long-term assets: Investment in bonds Land Equipment Less: Accumulated depreciation Total assets Liabilities and Stockholders' Equity Current liabilities: Accounts payable Interest payable Income tax payable Long-term liabilities: Notes payable Problem 12-6A (Static) Part 1 Stockholders' equity: Common stock Retained earnings Total liabilities and stockholders' equity Receivables turnover ratio Inventory turnover ratio Current ratio Debt to equity ratio 965,000 40,000 0 23,000 9,000 1,037,000 $ 33,000 2024 38.3 times 15.1 times % 2024 $ 3,086,000 1,960,000 1,126,000 VIRTUAL GAMING SYSTEMS Balance Sheets December 31 2025 39.3 times 19.5 times 868,000 32,000 % 9,000 20,000…
Please help me with show all Calculation thanku
Please do not give solution in image format
V Use the information provided for Harding Company to answer the question that follow. Harding Company Accounts payable Accounts receivable Accrued liabilities Cash $34,989 66,770 6,185 17,598 39,822 89,571 98,246 70,130 Intangible assets Inventory Long-term investments Long-term liabilities Notes payable (short-term) Property, plant, and equipment Prepaid expenses Temporary investments Based on the data for Harding Company, what is the amount of working capital? Oa. $608,269 Ob. $149,965 Oc. $212,546 Od. $959,971 21,407 609,357 1,088 37,519
Please solve and find Solvency ratio: Net Income-$54,711 Depreciation- 18, 752 Short Term Liabilities-$105,392 Long Term Liabilities- $258,549
prepare a common - size Consolidated Statements of Operations ( balance sheet)
If given the following information: Current Assets - 2073Current Liabilities - 1634Cash - 1182Inventory - 316Net working capital - 934Total Assets - 3873Average Daily Operating Costs - 344 Find the Current Ratio.