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Amounts are in thousands of dollars (except number of shares and price per share): Kiwi Fruit Company Balance Sheet Cash and equivalents $ 620 Operating
Amounts are in thousands of dollars (except number of shares and price per share):
Kiwi Fruit Company Balance Sheet | ||
Cash and equivalents | $ | 620 |
Operating assets | 800 | |
Property, plant, and equipment | 3,200 | |
Other assets | 185 | |
Total assets | $ | 4,805 |
Current liabilities | $ | 1,040 |
Long-term debt | 1,635 | |
Other liabilities | 195 | |
Total liabilities | $ | 2,870 |
Paid in capital | $ | 415 |
Retained earnings | 1,520 | |
Total equity | $ | 1,935 |
Total liabilities and equity | $ | 4,805 |
Kiwi Fruit Company Income Statement | |||
Net sales | $ | 8,100 | |
Cost of goods sold | (6,700 | ) | |
Gross profit | $ | 1,400 | |
Operating expense | (400 | ) | |
Operating income | $ | 1,000 | |
Other income | 180 | ||
Net interest expense | (200 | ) | |
Pretax income | $ | 980 | |
Income tax | (270 | ) | |
Net income | $ | 710 | |
Earnings per share | $ | 2.00 | |
Shares outstanding | 355,000 | ||
Recent price | $ | 33.00 | |
Kiwi Fruit Company Cash Flow Statement | |||
Net income | $ | 710 | |
Depreciation and amortization | 212 | ||
Increase in operating assets | (120 | ) | |
Decrease in current liabilities | (128 | ) | |
Operating cash flow | $ | 674 | |
Net (purchase) sale of property | $ | 220 | |
Increase in other assets | (77 | ) | |
Investing cash flow | $ | 143 | |
Net (redemption) issuance of LTD | $ | (203 | ) |
Dividends paid | (190 | ) | |
Financing cash flow | $ | (393 | ) |
Net cash increase | $ | 424 | |
Calculate ROA and ROE for Kiwi Fruit. (Do not round intermediate calculations. Enter your answers as a percent rounded to 2 decimal places.)
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