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
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
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
95
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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