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ASSUMPTIONS: the increase in Sales percentage will be assume

Thesis Help Finance ASSUMPTIONS: the increase in Sales percentage will be assume

Finance

ASSUMPTIONS: the increase in Sales percentage will be assume

ASSUMPTIONS: the increase in Sales percentage will be assumed to apply only to the COGS on the I… Show more ASSUMPTIONS: the increase in Sales percentage will be assumed to apply only to the COGS on the Income Statement, with the other items assumed to be fixed costs. Deprec & Amort, Change in Operating Assets, Change in Current Liabilities, & Dividends Paid are constant (i.e., same as last year). Net Additions to Property, Change to Other Assets, & Change in Long-term debt are $0. Amounts are in thousands of dollars (except number of shares and price per share): Kiwi Fruit Company Balance Sheet Kiwi Fruit Company Balance Sheet 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 Kiwi Fruit Company Income Statement Kiwi Fruit Company Income Statement 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 Kiwi Fruit Company Cash Flow Statement Kiwi Fruit Company Cash Flow Statement 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 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 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 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 $ • Show less

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