Selected data derived from the income statement and balance sheet of National Be
ID: 2487275 • Letter: S
Question
Selected data derived from the income statement and balance sheet of National Beverage Co. for a recent year are as follows:
1
Income statement data (in thousands):
2
Net earnings (loss)
$43,993.00
3
Losses on inventory write-down and fixed assets
7.00
4
Depreciation expense
10,174.00
5
Stock-based compensation expense (noncash)
290.00
6
Balance sheet data (in thousands):
7
Increase in accounts receivable
5,679.00
8
Increase in inventory
7,509.00
9
Decrease in prepaid expenses
2,239.00
10
Decrease in accounts payable and other current liabilities
1,341.00
Required:
1
Income statement data (in thousands):
2
Net earnings (loss)
$43,993.00
3
Losses on inventory write-down and fixed assets
7.00
4
Depreciation expense
10,174.00
5
Stock-based compensation expense (noncash)
290.00
6
Balance sheet data (in thousands):
7
Increase in accounts receivable
5,679.00
8
Increase in inventory
7,509.00
9
Decrease in prepaid expenses
2,239.00
10
Decrease in accounts payable and other current liabilities
1,341.00
Explanation / Answer
Indirect Method Cash Flow from Operating Activities Net Income 43993 Add: Depreciation 10174 Add: Losses on inventory 7 Add: Compensation Expense 290 Less: Increase in Accounts Receivable -5679 Increase in Inventory -7509 Decrease in Prepaid Expenses 2239 Decrease in Accounts Payable 1341 Cash Flow from Operating Activities 44856
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