Cash flows from operating activities—indirect method
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 | 10,174 |
Stock-based compensation expense (noncash) | 290 |
Balance sheet data (in thousands): | |
Increase in accounts receivable | 5,679 |
Increase in inventory | 7,509 |
Decrease in prepaid expenses | 2,239 |
Decrease in accounts payable and other current liabilities | 1,341 |
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 in part (a).
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