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The accounting records of Speedy, Inc., reveal: E: (Click the icon to view the data.) Requirements 1. Compute cash flows from operating activities using the indirect method. 2. Evaluate the operating cash flow of Speedy, Inc. Give the reason(s) for your evaluation. Requirement 1. Compute cash flows from operating activities using the indirect method. (Use parentheses or a minus sign for numbers to be subtracted.) Cash flows from operating activities: Net income Adjustments to reconcile net income to net cash provided by (used for) operating activities: Data table Net income 36,000 Depreciation expense. 4.000 Sales revenue. 18,000 Net cash provided by (used for) operating activities Decrease in current liabilities 25,000 Requirement 2. Evaluate the operating cash flow of Speedy, Inc. Give the reason(s) for your evaluation. 7,000 Operating cash flow is as shown by the operating activities Loss on sale of land Increase in current assets other than Cash Acquisition of land 15,000 42.000 Print Done Requirement 2. Evaluate the operating cash flow of Speedy, Inc. Give the reason(s) for your evaluat Operating cash flow is as shown by the operating activities strong weak Requirement 2. Evaluate the operating cash flow of Speedy, Inc. Give the reason(s) for your evaluation. Operating cash flow is as shown by the operating activities adjustments provided by net income provided by net cash provided by net cash used for

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