(Solution) Amounts are in thousands of dollars (except number of shares and price per share):
Investments Assignment attachedAmounts 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
Operatin
g expense
(990)
Operatin
g income
$
910
Other
income
105
This question was answered on: Sep 21, 2023
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