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In: Accounting

Amounts are in thousands of dollars (except number of shares and price per share):    Kiwi...

Amounts are in thousands of dollars (except number of shares and price per share):

  

Kiwi Fruit Company Balance Sheet
  Cash and equivalents $ 570
  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 105
  Net interest expense (200 )
  
  Pretax income $ 815
  Income tax (285 )
  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
  Changes in operating assets (90 )
  Changes in current liabilities (120 )
  Operating cash flow $ 495
  
  Net additions to properties $ 180
  Changes in other assets (80 )
  
  Investing cash flow $ 100
  
  Issuance/redemption of long-term debt $ (190 )
  Dividends paid (220 )
  Financing cash flow $ (410 )
  Net cash increase $ 185

  

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 $   

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