Answered step by step
Verified Expert Solution
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 $570 Operating assets
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 | 70 | |
Net interest expense | 250 | |
Pretax income | $730 | |
Income tax | 200 | |
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 | |
Increase in operating assets | 90 | |
Decrease in current liabilities | 120 | |
Operating cash flow | $495 | |
Net (purchase) sale of property | $180 | |
Increase in other assets | 80 | |
Investing cash flow | $100 | |
Net (redemption) issuance of LTD | $190 | |
Dividends paid | 220 | |
Financing cash flow | $410 | |
Net cash increase | $185 | |
Calculate the price-book, price-earnings, and price-cash flow ratios for Kiwi Fruit.
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started