Homework Answers
| National Beverage Co. | |||
| Cash Flows from Operating Activities (in thousands) | |||
| 1. | Cash flows from operating activities: | ||
| 2. | Net income | 49,311 | |
| 3. | Adjustments to reconcile net income to net cash flow from operating activities: | ||
| 4. | Depreciation expense | 11,580 | |
| 5. | Gain on disposal of property | -1,188 | |
| 6. | Other items involving noncash expense | 1,383 | |
| 7. | Change in current operating assets and liabilities: | ||
| 8. | Increase in accounts receivable | -1,746 | |
| 9. | Decrease in inventory | 990 | |
| 10. | Increase in prepaid expenses | -605 | |
| 11. | Decrease in accounts payable and other current liabilities | -1,705 | |
| 12. | Net cash flow from operating activities | $58,020 | |
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