Average payment period of PETRON STATEMENT OF FINANCIAL POSITION AND INCOME STATEMENT OF 3 COMPANIES AS DECEMBER 31, 2014 JFC Petron Globe

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
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What is the average payment period of PETRON? NOTE: PLEASE SHOW YOUR SOLUTION AND DONT USE EXCEL
Average payment period of PETRON
STATEMENT OF FINANCIAL POSITION AND INCOME STATEMENT OF 3 COMPANIES AS DECEMBER
31, 2014
JFC
Petron
Globe
Assets
16, 757
23, 543
Cash
Receivables
Inventories
Other current assets
7,619
90, 602
7,621
17.927
5, 972
53, 180
3,186
2. 810
57, 320
3, 256
46, 742
Current Assets
24, 022
219.029
PPE
Financial Investments
13, 364
153,650
117,299
3, 410
1,613
451
Other non-current assets
13, 323
17,032
15.015
Non-current Assets
30, 097
172, 295
132, 765
$4.119
179, 507
Total Assets
391,324
JFC
Petron
Globe
Liabilities
12, 458
1, 587
Accounts Payable
2,455
29, 496
Income Tax Payable
182
73
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
Other non-current liabilities
4, 428
66, 269
59, 146
2, 522
8, 776
5, 473
Non-current Liabilities
6, 950
75,045
64, 619
Total Liabilities
26,041
277,634
124,969
JFC
Petron
Globe
Equity
Capital Stock
Additional Paid-Capital
Retained Earnings
1,064
9,485
8, 429
4, 452
19,653
36,049
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 payment period of PETRON STATEMENT OF FINANCIAL POSITION AND INCOME STATEMENT OF 3 COMPANIES AS DECEMBER 31, 2014 JFC Petron Globe Assets 16, 757 23, 543 Cash Receivables Inventories Other current assets 7,619 90, 602 7,621 17.927 5, 972 53, 180 3,186 2. 810 57, 320 3, 256 46, 742 Current Assets 24, 022 219.029 PPE Financial Investments 13, 364 153,650 117,299 3, 410 1,613 451 Other non-current assets 13, 323 17,032 15.015 Non-current Assets 30, 097 172, 295 132, 765 $4.119 179, 507 Total Assets 391,324 JFC Petron Globe Liabilities 12, 458 1, 587 Accounts Payable 2,455 29, 496 Income Tax Payable 182 73 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 Other non-current liabilities 4, 428 66, 269 59, 146 2, 522 8, 776 5, 473 Non-current Liabilities 6, 950 75,045 64, 619 Total Liabilities 26,041 277,634 124,969 JFC Petron Globe Equity Capital Stock Additional Paid-Capital Retained Earnings 1,064 9,485 8, 429 4, 452 19,653 36,049 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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