Home / Questions / Amounts are in thousands of dollars (except number of shares and price per share):

Amounts are in thousands of dollars (except number of shares and price per share):

Amounts are in thousands of dollars (except number of shares and price per share):
Kiwi Fruit Company Balance Sheet
Cash and equivalents $ 570
Operating assets 650
Property, plant, and equipment 2,700
Other assets 110

Total assets $ 4,030

Current liabilities $ 920
Long-term debt 1,280
Other liabilities 120

Total liabilities $ 2,320

Paid in capital $ 340
Retained earnings 1,370

Total equity $ 1,710

Total liabilities and equity $ 4,030

Kiwi Fruit Company Income Statement
Net sales $ 7,800
Cost of goods sold (5,900 )

Gross profit $ 1,900
Operating expense (990 )

Operating income $ 910
Other income 105
Net interest expense (200 )

Pretax income $ 815
Income tax (285 )

Net income $ 530

Earnings per share $ 2.00
Shares outstanding 265,000
Recent price $ 34.50
Kiwi Fruit Company Cash Flow Statement
Net income $ 530
Depreciation and amortization 175
Changes in operating assets (90 )
Changes in current liabilities (120 )

Operating cash flow $ 495

Net additions to properties $ 180
Changes in other assets (80 )

Investing cash flow $ 100

Issuance/redemption of long-term debt $ (190 )
Dividends paid (220 )

Financing cash flow $ (410 )
Net cash increase $ 95

Prepare a pro forma income statement, balance sheet, and cash flow statement for Kiwi Fruit assuming a 10 percent increase in sales. (Leave no cells blank - be certain to enter "0" wherever required. Negative amounts should be indicated by a minus sign. Input all amounts as thousands of dollars. Round earnings per share to 2 decimal places. Omit the "$" sign in your response.)
Kiwi Fruit Company Pro Forma Income Statement
Net sales $
Cost of goods sold

Gross profit $
Operating expense

Operating income $
Other income
Net interest expense

Pretax income $
Income tax

Net income $

Earnings per share $
Shares outstanding
Kiwi Fruit Company Pro Forma Cash Flow Statement
Net income $
Depreciation and amortization
Changes in operating assets
Changes in current liabilities

Operating cash flow $
Net additions to property $
Changes in other assets

Investing cash flow $

Issuance/redemption of long-term debt $
Dividends paid

Financing cash flow $
Net cash increase $

Kiwi Fruit Company Pro Forma Balance Sheet
Cash and equivalents $
Operating assets
Property, plant, and equipment
Other assets

Total assets $

Current liabilities $
Long-term debt
Other liabilities

Total liabilities $
Paid in capital $
Retained earnings

Total equity $
Total liabilities and equity $ Amounts are in thousands of dollars (except number of shares and price per share):
Kiwi Fruit Company Balance Sheet
Cash and equivalents $ 570
Operating assets 650
Property, plant, and equipment 2,700
Other assets 110

Total assets $ 4,030

Current liabilities $ 920
Long-term debt 1,280
Other liabilities 120

Total liabilities $ 2,320

Paid in capital $ 340
Retained earnings 1,370

Total equity $ 1,710

Total liabilities and equity $ 4,030

Kiwi Fruit Company Income Statement
Net sales $ 7,800
Cost of goods sold (5,900 )

Gross profit $ 1,900
Operating expense (990 )

Operating income $ 910
Other income 105
Net interest expense (200 )

Pretax income $ 815
Income tax (285 )

Net income $ 530

Earnings per share $ 2.00
Shares outstanding 265,000
Recent price $ 34.50
Kiwi Fruit Company Cash Flow Statement
Net income $ 530
Depreciation and amortization 175
Changes in operating assets (90 )
Changes in current liabilities (120 )

Operating cash flow $ 495

Net additions to properties $ 180
Changes in other assets (80 )

Investing cash flow $ 100

Issuance/redemption of long-term debt $ (190 )
Dividends paid (220 )

Financing cash flow $ (410 )
Net cash increase $ 95

Prepare a pro forma income statement, balance sheet, and cash flow statement for Kiwi Fruit assuming a 10 percent increase in sales. (Leave no cells blank - be certain to enter "0" wherever required. Negative amounts should be indicated by a minus sign. Input all amounts as thousands of dollars. Round earnings per share to 2 decimal places. Omit the "$" sign in your response.)
Kiwi Fruit Company Pro Forma Income Statement
Net sales $
Cost of goods sold

Gross profit $
Operating expense

Operating income $
Other income
Net interest expense

Pretax income $
Income tax

Net income $

Earnings per share $
Shares outstanding
Kiwi Fruit Company Pro Forma Cash Flow Statement
Net income $
Depreciation and amortization
Changes in operating assets
Changes in current liabilities

Operating cash flow $
Net additions to property $
Changes in other assets

Investing cash flow $

Issuance/redemption of long-term debt $
Dividends paid

Financing cash flow $
Net cash increase $

Kiwi Fruit Company Pro Forma Balance Sheet
Cash and equivalents $
Operating assets
Property, plant, and equipment
Other assets

Total assets $

Current liabilities $
Long-term debt
Other liabilities

Total liabilities $
Paid in capital $
Retained earnings

Total equity $
Total liabilities and equity $  

Nov 07 2017 Read more Less More

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