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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 $ 480
Operating assets 760
Property, plant, and equipment 3,000
Other assets 165
Total assets $ 4,405
Current liabilities $ 980
Long-term debt 1,375
Other liabilities 175
Total liabilities $ 2,530
Paid in capital $ 395
Retained earnings 1,480
Total equity $ 1,875
Total liabilities and equity $ 4,405
Kiwi Fruit Company Income Statement
Net sales $ 6,700
Cost of goods sold (4,900 )
Gross profit $ 1,800
Operating expense (530 )
Operating income $ 1,270
Other income 160
Net interest expense (200 )
Pretax income $ 1,230
Income tax (250 )
Net income $ 980
Earnings per share $ 1.00
Shares outstanding 980,000
Recent price $ 43.50
Kiwi Fruit Company Cash Flow Statement
Net income $ 980
Depreciation and amortization 220
Increase in operating assets (100 )
Decrease in current liabilities (112 )
Operating cash flow $ 988
Net (purchase) sale of property $ 200
Increase in other assets (73 )
Investing cash flow $ 127
Net (redemption) issuance of LTD $ (168 )
Dividends paid (182 )
Financing cash flow $ (350 )
Net cash increase $ 765

Calculate the price-book, price-earnings, and price-cash flow ratios for Kiwi Fruit. (Do not round intermediate calculations. Round your answers to 2 decimal places.)

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Answer #1

Price-book Ratio

Price-book ratio = Market Price per share/ Book Value per share

Book Value per share = Total Equity/ Shares Outstanding

Book Value per share = $1,875,000/ 980,000

Book Value per share = $ 1.91 per share

Price-book ratio = $ 43.50/ $1.91

Price-book ratio = 22.77

Price-earnings ratio

Price-earnings ratio = Market Price per share/ Earnings per share

Price-earnings ratio = $ 43.50/ $1.00

Price-earnings ratio = 43.50

Price-cash flow ratio

Price-cash flow ratio = Market Price per share/ Cash flow per share

Cash flow per share = Operating Cash flow / Shares Outstanding

Cash flow per share = $988,000/ 980,000

Cash flow per share = $ 1.01

Price-cash flow ratio = $43.50 / $ 1.01

Price-cash flow ratio = 43.07

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