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Problem 19-12 Calculating Margins (LO3, CFA6) Amounts are in thousands of dollars (except number of shares and price per share): Kiwi Fruit Company Balance Sheet
Problem 19-12 Calculating Margins (LO3, CFA6)
Amounts are in thousands of dollars (except number of shares and price per share):
Kiwi Fruit Company Balance Sheet | |
Cash and equivalents | $600 |
Operating assets | 740 |
Property, plant, and equipment | 2,900 |
Other assets | 155 |
Total assets | $4,395 |
Current liabilities | $980 |
Long-term debt | 1,405 |
Other liabilities | 165 |
Total liabilities | $2,550 |
Paid in capital | $385 |
Retained earnings | 1,460 |
Total equity | $1,845 |
Total liabilities and equity | $4,395 |
Kiwi Fruit Company Income Statement | ||
Net sales | $8,500 | |
Cost of goods sold | 6,800 | |
Gross profit | $1,700 | |
Operating expense | 980 | |
Operating income | $720 | |
Other income | 150 | |
Net interest expense | 200 | |
Pretax income | $670 | |
Income tax | 240 | |
Net income | $430 | |
Earnings per share | $2.00 | |
Shares outstanding | 215,000 | |
Recent price | $31.00 | |
Kiwi Fruit Company Cash Flow Statement | ||
Net income | $430 | |
Depreciation and amortization | 100 | |
Increase in operating assets | 80 | |
Decrease in current liabilities | 116 | |
Operating cash flow | $334 | |
Net (purchase) sale of property | $190 | |
Increase in other assets | 71 | |
Investing cash flow | $119 | |
Net (redemption) issuance of LTD | $172 | |
Dividends paid | 178 | |
Financing cash flow | $350 | |
Net cash increase | 103 | |
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