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 income $49,311Gain on disposal of property 1,188Depreciation expense 11,580Other items involving noncash expense 1,383 Balance sheet data (in thousands): Increase in accounts receivable 1,746Decrease in inventory 990Increase in prepaid expenses 605Decrease in accounts payable and other current liabilities 1,705a. 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 in part (a).
Selected data derived from the income statement and
Income statement data (in thousands):
Net income $49,311
Gain on disposal of property 1,188
Depreciation expense 11,580
Other items involving noncash expense 1,383
Balance sheet data (in thousands):
Increase in
Decrease in inventory 990
Increase in prepaid expenses 605
Decrease in accounts payable and other current liabilities 1,705
a. Prepare the
b. Interpret your results in part (a).
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