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Average age of inventory of GLOBE STATEMENT OF FINANCIAL POSITION AND INCOME STATEMENT OF 3 COMPANIES AS DECEMBER 31, 2014

Average age of inventory of GLOBE STATEMENT OF FINANCIAL POSITION AND INCOME STATEMENT OF 3 COMPANIES AS DECEMBER 31, 2014

Essentials Of Investments
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
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What is the age of inventory of GLOBE? NOTE: show your solution, don’t use excel thank you.
Average age of inventory of GLOBE * STATEMENT OF FINANCIAL POSITION AND INCOME STATEMENT OF 3 COMPANIES AS DECEMBER 31, 2014 JFC Petron Globe Assets 7, 619 Cash Receivables Inventories Other current assets 90, 602 16, 757 7,621 17,927 23, 543 5,972 53, 180 3,186 2.810 57,320 3, 256 Current Assets 24, 022 219,029 46, 742 PPE 13, 364 153,650 117, 299 Financial Investments 3, 410 1,613 451 Other non-current assets 13, 323 17, 032 15,015 Non-current Assets 30, 097 172,295 132, 765 54. 119 391,324 179, 507 TotalAssets JFC Petron Globe Liabilities Accounts Payable 2,455 29, 496 12, 458 Income Tax Payable 182 73 1, 587 Short-tem debt 1, 865 133, 388 Other current liabilities 14, 589 39, 630 46, 305 Current Liabilities 19,091 202, 587 60, 350 Long-term debt 4, 428 66, 269 59, 146 Other non-curent liabilities 2, 522 8, 776 5. 473 Non-current Liabilities 6, 950 75,045 64, 619 277, 634 124,969 Total Liabilities 26,041 JFC Petron Globe Equity Capital Stock Additional Paid-Capital 1,064 9, 485 8, 429 4, 452 19,653 36,049 Retained Earnings 22,646 40, 815 10, 852 Other equity accounts (84) 43, 739 (792) Total Equity 28, 078 113, 692 54, 538 Total Liabilities & Equity 54, 119 391,324 179,507 JFC Petron Globe Sales Revenue 90,671 482,535 103,235 Cost of Sales/Service (73,728) (463,100) (10.661) Gross Margin 16,943 19,435 92,574 Operating Expenses (10,806) (11,830) (59,506) Operating Profit 6.137 7,605 33,068 Other Income 748 1.736 1,255 Other Expenses (126) (5.528) (14.940) Net Income before Tax 6,759 3,813 19,383 Income Tax (1,271) (804) (6,011) Net Income after Tax 5,488 3,009 13,372
Transcribed Image Text:Average age of inventory of GLOBE * STATEMENT OF FINANCIAL POSITION AND INCOME STATEMENT OF 3 COMPANIES AS DECEMBER 31, 2014 JFC Petron Globe Assets 7, 619 Cash Receivables Inventories Other current assets 90, 602 16, 757 7,621 17,927 23, 543 5,972 53, 180 3,186 2.810 57,320 3, 256 Current Assets 24, 022 219,029 46, 742 PPE 13, 364 153,650 117, 299 Financial Investments 3, 410 1,613 451 Other non-current assets 13, 323 17, 032 15,015 Non-current Assets 30, 097 172,295 132, 765 54. 119 391,324 179, 507 TotalAssets JFC Petron Globe Liabilities Accounts Payable 2,455 29, 496 12, 458 Income Tax Payable 182 73 1, 587 Short-tem debt 1, 865 133, 388 Other current liabilities 14, 589 39, 630 46, 305 Current Liabilities 19,091 202, 587 60, 350 Long-term debt 4, 428 66, 269 59, 146 Other non-curent liabilities 2, 522 8, 776 5. 473 Non-current Liabilities 6, 950 75,045 64, 619 277, 634 124,969 Total Liabilities 26,041 JFC Petron Globe Equity Capital Stock Additional Paid-Capital 1,064 9, 485 8, 429 4, 452 19,653 36,049 Retained Earnings 22,646 40, 815 10, 852 Other equity accounts (84) 43, 739 (792) Total Equity 28, 078 113, 692 54, 538 Total Liabilities & Equity 54, 119 391,324 179,507 JFC Petron Globe Sales Revenue 90,671 482,535 103,235 Cost of Sales/Service (73,728) (463,100) (10.661) Gross Margin 16,943 19,435 92,574 Operating Expenses (10,806) (11,830) (59,506) Operating Profit 6.137 7,605 33,068 Other Income 748 1.736 1,255 Other Expenses (126) (5.528) (14.940) Net Income before Tax 6,759 3,813 19,383 Income Tax (1,271) (804) (6,011) Net Income after Tax 5,488 3,009 13,372
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