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

Amounts are in thousands of dollars (except number of shares and price per share): Kiwi Fruit Company Balance Sheet Cash and equivalents $ 460 Operating assets 700 Property, plant, and equipment 2,900 Other assets 135 Total assets $ 4,195 Current liabilities $ 920 Long-term debt 1,345 Other liabilities 145 Total liabilities $ 2,410 Paid in capital $ 365 Retained earnings 1,420 Total equity $ 1,785 Total liabilities and equity $ 4,195 Kiwi Fruit Company Income Statement Net sales $ 7,900 Cost of goods sold (6,000 ) Gross profit $ 1,900 Operating expense (860 ) Operating income $ 1,040 Other income 130 Net interest expense (200 ) Pretax income $ 970 Income tax (220 ) Net income $ 750 Earnings per share $ 2.50 Shares outstanding 300,000 Recent price $ 29.00 Kiwi Fruit Company Cash Flow Statement Net income $ 750 Depreciation and amortization 221 Increase in operating assets (110 ) Decrease in current liabilities (130 ) Operating cash flow $ 731 Net (purchase) sale of property $ 170 Increase in other assets (85 ) Investing cash flow $ 85 Net (redemption) issuance of LTD $ (180 ) Dividends paid (158 ) Financing cash flow $ (338 ) Net cash increase $ 478

Calculate the price-book, price-earnings, and price-cash flow ratios for Kiwi Fruit​

Solutions

Expert Solution

1)Book value per share =Total equity /total shares outstanding

             = 1785000 /300000

            = $ 5.95

price to book ratio = price /book

                  = 29 /5.95

               = 4.87

b)PE ratio =Market price per share /earning per share

                = 29/2.5

                 = 11.6

c)Price to cash flow =Market price /cash flow per share

            = 29 / 1.59333

           = 18.20

**cash flow per share = Net cash increase /share outstanding

                         = 478000/300000

                       = 1.59333

jeff jeffy answered 2 years ago
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