Investments Assignment attached
Amounts are in thousands of dollars (except number of shares and price per share): Kiwi Fruit Company Balance Sheet Cash and equivalents Operating assets Property, plant, and equipment Other assets $ 570 650 2,700 110 Total assets $ $ Current liabilities Long-term debt Other liabilities 4,030 920 1,280 120 Total liabilities $ 2,320 Paid in capital Retained earnings $ 340 Total equity $ 1,710 Total liabilities and equity $ 4,030 1,370 Kiwi Fruit Company Income Statement Net sales Cost of goods sold Gross profit Operatin g expense Operatin g income Other income $ 7,800 (5,900) $ 1,900 (990) $ 910 105 Net interest expense Pretax income Income tax Net income Earnings per share Shares outstandin g Recent price (200) $ 815 (285) $ 530 $ 2.00 265,000 $ 34.50 Kiwi Fruit Company Cash Flow Statement Net income Depreciatio n and amortization Changes in operating assets Changes in current liabilities Operating cash flow Net additions to properties Changes in other assets Investing cash flow Issuance/r edemption of long-term debt Dividends paid Financing $ 530 175 (90) (120) $ 495 $ 180 (80) $ 100 $ (190) (220) $ (410) cash flow 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 $ $
