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My Courses - BlackbAssignments - 2017Connect https://newconnect mheducation.com flow/connect.html?isReg true&returnUr; https%3A%2F%2Fconnect.mheducation.com%2Fpaamweb%2Findex.html%23%2Fregistra !! Venom: The Bite T y 7 Top Hat Yuzu: Nonprofit M. e -V work cited e Grammarly l Instan. D Home :AZAR Intera / Custom writing Ser. e solved: Calculating x solved: Calculating x( e Chegg Study l Guid × e You Are Given The × YG Problemn 17-2 Bala × >>- o Textbook Assignment #3 Saved Help Save & Exit Submit Check my work Amounts are in thousands of dollars (except number of shares and price per share): Kiwi Fruit Company Balance Sheet 40 points Cash and equivalents Operating assets Property, plant, and 570 650 2,700 equipment Other assets 110 4,030 Total assets Current liabilities Long-term debt Other liabilities 920 1,280 120 2,320 Total liabilities Paid in capital S 340 1,370 Retained earnings Total equity Total liabilities and equity $1,710 4,030 $ Kiwi Fruit Companv Income Prey of1 Next> Graw

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Solution:

Preparing the Pro Forma Income Statement, Balance Sheet and Cash Flow Statement of Kiwi Fruit by Assuming the 10% Increase in Sales:

Kiwi Fruit Company Pro Forma Income Statement Net Sales $8,580 Cost of Goods Sold ($6,490) Gross Profit $2,090 Operating Expense ($990) Operating Income $1,100 Other Income $105 Net Interest Expense ($200) Pretax income $1,005 Income tax ($351) Net income $654 Earnings per share $2.47 Shares outstanding 265,000

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