Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Amounts are in thousands of dollars (except number of shares and price per share): Kiwi Fruit Company Balance Sheet Cash and equivalents $ 380

image text in transcribed

Amounts are in thousands of dollars (except number of shares and price per share): Kiwi Fruit Company Balance Sheet Cash and equivalents $ 380 Operating assets 810 Property, plant, and equipment Other assets 3,200 190 Total assets Current liabilities Long-term debt Other liabilities Total liabilities Paid in capital Retained earnings $ 4,580 $ 1,040 1,390 200 $ 2,630 420 1,530 $1,950 $ 4,580 Total equity Total liabilities and equity Kiwi Fruit Company Income Statement Net sales $ 6,800 Cost of goods sold (5,800) Gross profit $ 1,000 Operating expense (430) Operating income Other income 570 185 Net interest expense (200) Pretax income S 555 Income tax (275) Net income $ 280 Earnings per share $ 2.50 Shares outstanding 112,000 Recent price $ 28.00 Kud Fruit Company Cash Flow Statement Net income Depreciation and amortization Increase in operating assets 5 280 210 (90) Decrease in current liabilities Operating cash flow Net (purchase) sale of property Increase in other assets Investing cash flow Net (redemption) issuance of LTD Dividends paid Financing cash flow Net cash increase (126) 3274 $ 225 (78) 5147 5 (204) (192) (396) $ 25 Calculate the price-book, price-earnings, and price-cash flow ratios for Kiwi Fruit. (Do not round intermediate calculations. Round your answers to 2 decimal places.) Price-book ratio Price-earnings ratio Price-cash flow ratio

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Financial Management Principles and Applications

Authors: Sheridan Titman, Arthur Keown, John Martin

12th edition

133423824, 978-0133423822

More Books

Students also viewed these Finance questions