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Use the following financial statement information to answer the next five questions. Amounts are in thousands of dollars (except number of shares and price per
Use the following financial statement information to answer the next five questions. 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 Total assets S 570 650 2,700 110 Current liabilities Long-term debt Other liabilities Total llabilities Paid in capital Retained earnings Total equity Total liabilitles and equity S 920 1,280 120 $2,320 340 1,370 $1,710 54,030 Kiwi Fruit Company 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 $7,800 (5,900) $1,900 (990) $ 910 105 (200) $ 815 (285) 530 Earnings per share Shares outstanding Recent price $2.00 265,000 34.50 Kiwi Fruit Company Cash Flow Statement Net income Depreciation and amortization Increase in operating assets Decrease in current liabilities Operating cash flow S 530 175 (90) (120) 495 Net (purchase) sale of property Increase in other assets Investing cash flow 180 (80) 100 Net (redemption) issuance of LTD Dividends paid Financing cash flow $(190) (220) (410) Net cash increase 185 Pro Forma Financial Statements Following the examples in the chapter, prepare a pro forma income statement, balance sheet, and cash flow statement for Kiwi Fruit assuming a 10 percent increase in sales
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