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ONLY NEED QUESTION 15 & 16! show how you got your answer with work! Use the following financial statement information to answer Questions 12-16. Amounts
ONLY NEED QUESTION 15 & 16! show how you got your answer with work!
Use the following financial statement information to answer Questions 12-16. Amounts are in thousands of dollars (except number of shares and price per share): Kiwi Fruit Company Balance Sheet $ 570 Cash and equivalents 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 $ 180 Net (purchase) sale of property 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 Use the following financial statement information to answer Questions 12-16. Amounts are in thousands of dollars (except number of shares and price per share): Kiwi Fruit Company Balance Sheet $ 570 Cash and equivalents 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 $ 180 Net (purchase) sale of property 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 $ 185Step by Step Solution
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