Fiscal year is January-December. All values PHP Millions. 2020 2019 Cash & Short Term Investments 57,461 23,022 Cash Only 21,361 20,892 Short-Term Investments 36,100 2,130 Cash & Short Term Investments Growth 149.59% -4.75% Cash & ST Investments / Total Assets 27.26% 12.28% Total Accounts Receivable 7,050 5,906 Accounts Receivables, Net 5,796 5,370 Accounts Receivables, Gross 6,455 5,762 Bad Debt/Doubtful Accounts -659 -392 Other Receivables 1,253 537 Accounts Receivable Growth 19.36% 21.46% Accounts Receivable Turnover 18.34 30.41 Inventories 10,727 12,016 Finished Goods - 9,116 Raw Materials 7,680 228 Progress Payments & Other 3,048 2,673 Other Current Assets 4,802 4,675 Prepaid Expenses 4,661 4,436 Miscellaneous Current Assets 141 239 Total Current Assets 80,041 45,619 Net Property, Plant & Equipment 62,908 75,059 Property, Plant & Equipment - Gross 100,648 110,183 Buildings 7,963 7,509 Land & Improvements 1,041 1,070 Construction in Progress 3,751 3,709 Transportation Equipment 621 626 Other Property, Plant & Equipment 53,047 54,802 Accumulated Depreciation 37,739 35,123 Buildings 2,459 2,187 Land & Improvements - 8 Construction in Progress 20 - Transportation Equipment 504 468 Other Property, Plant & Equipment 34,756 32,461 Total Investments and Advances 7,936 7,443 LT Investment - Affiliate Companies 7,330 6,832 Other Long-Term Investments 607 611 Long-Term Note Receivable 255 411 Intangible Assets 50,365 50,981 Net Goodwill 14,097 14,497 Net Other Intangibles 36,267 36,484 Other Assets 3,209 3,497 Deferred Charges 37 161 Tangible Other Assets 3,171 3,336 Total Assets 210,827 187,460 Assets - Total - Growth 12.47% 24.53% Asset Turnover - - Return On Average Assets - - Liabilities & Shareholders' Equity All values PHP Millions. 2020 2019 ST Debt & Current Portion LT Debt 27,075 32,633 Short Term Debt 15,875 22,180 Current Portion of Long Term Debt 11,199 10,453 Accounts Payable 11,666 14,405 Accounts Payable Growth -19.01% 10.01% Income Tax Payable 197 392 Other Current Liabilities 19,991 19,915 Dividends Payable 579 88 Accrued Payroll 2,741 2,775 Miscellaneous Current Liabilities 16,671 17,053 Total Current Liabilities 58,928 67,345 Current Ratio 1.36 0.68 Quick Ratio 1.18 0.5 Cash Ratio 0.98 0.34 Long-Term Debt 106,360 59,450 Long-Term Debt excl. Capitalized Leases 73,755 19,180 Non-Convertible Debt 73,755 19,180 Capitalized Lease Obligations - - Provision for Risks & Charges 3,953 3,046 Deferred Taxes -2,259 -277 Deferred Taxes - Credit 3,856 4,173 Deferred Taxes - Debit 6,114 4,449 Other Liabilities 269 58 Other Liabilities (excl. Deferred Income) 269 58 Total Liabilities 173,366 134,073 Total Liabilities / Total Assets 82.23% 71.52% Common Equity (Total) 38,556 53,488 Common Stock Par/Carry Value 1,122 1,110 Additional Paid-In Capital/Capital Surplus 9,914 8,797 Retained Earnings 9,870 23,879 Cumulative Translation Adjustment/Unrealized For. Exch. Gain -478 832 Unrealized Gain/Loss Marketable Securities - - Other Appropriated Reserves 16,431 17,172 Unappropriated Reserves 1,877 1,877 Treasury Stock -181 -181 Common Equity / Total Assets 18.29% 28.53% Total Shareholders' Equity 38,556 53,488 Total Shareholders' Equity / Total Assets 18.29% 28.53% Accumulated Minority Interest -1,095 -101 Total Equity 37,461 53,387 Liabilities & Shareholders' Equity 210,827 187,460 Question: What types of working capital policies is JFC using based from it’s financial statements?

Fiscal year is January-December. All values PHP Millions. 2020 2019 Cash & Short Term Investments 57,461 23,022 Cash Only 21,361 20,892 Short-Term Investments 36,100 2,130 Cash & Short Term Investments Growth 149.59% -4.75% Cash & ST Investments / Total Assets 27.26% 12.28% Total Accounts Receivable 7,050 5,906 Accounts Receivables, Net 5,796 5,370 Accounts Receivables, Gross 6,455 5,762 Bad Debt/Doubtful Accounts -659 -392 Other Receivables 1,253 537 Accounts Receivable Growth 19.36% 21.46% Accounts Receivable Turnover 18.34 30.41 Inventories 10,727 12,016 Finished Goods - 9,116 Raw Materials 7,680 228 Progress Payments & Other 3,048 2,673 Other Current Assets 4,802 4,675 Prepaid Expenses 4,661 4,436 Miscellaneous Current Assets 141 239 Total Current Assets 80,041 45,619 Net Property, Plant & Equipment 62,908 75,059 Property, Plant & Equipment - Gross 100,648 110,183 Buildings 7,963 7,509 Land & Improvements 1,041 1,070 Construction in Progress 3,751 3,709 Transportation Equipment 621 626 Other Property, Plant & Equipment 53,047 54,802 Accumulated Depreciation 37,739 35,123 Buildings 2,459 2,187 Land & Improvements - 8 Construction in Progress 20 - Transportation Equipment 504 468 Other Property, Plant & Equipment 34,756 32,461 Total Investments and Advances 7,936 7,443 LT Investment - Affiliate Companies 7,330 6,832 Other Long-Term Investments 607 611 Long-Term Note Receivable 255 411 Intangible Assets 50,365 50,981 Net Goodwill 14,097 14,497 Net Other Intangibles 36,267 36,484 Other Assets 3,209 3,497 Deferred Charges 37 161 Tangible Other Assets 3,171 3,336 Total Assets 210,827 187,460 Assets - Total - Growth 12.47% 24.53% Asset Turnover - - Return On Average Assets - - Liabilities & Shareholders' Equity All values PHP Millions. 2020 2019 ST Debt & Current Portion LT Debt 27,075 32,633 Short Term Debt 15,875 22,180 Current Portion of Long Term Debt 11,199 10,453 Accounts Payable 11,666 14,405 Accounts Payable Growth -19.01% 10.01% Income Tax Payable 197 392 Other Current Liabilities 19,991 19,915 Dividends Payable 579 88 Accrued Payroll 2,741 2,775 Miscellaneous Current Liabilities 16,671 17,053 Total Current Liabilities 58,928 67,345 Current Ratio 1.36 0.68 Quick Ratio 1.18 0.5 Cash Ratio 0.98 0.34 Long-Term Debt 106,360 59,450 Long-Term Debt excl. Capitalized Leases 73,755 19,180 Non-Convertible Debt 73,755 19,180 Capitalized Lease Obligations - - Provision for Risks & Charges 3,953 3,046 Deferred Taxes -2,259 -277 Deferred Taxes - Credit 3,856 4,173 Deferred Taxes - Debit 6,114 4,449 Other Liabilities 269 58 Other Liabilities (excl. Deferred Income) 269 58 Total Liabilities 173,366 134,073 Total Liabilities / Total Assets 82.23% 71.52% Common Equity (Total) 38,556 53,488 Common Stock Par/Carry Value 1,122 1,110 Additional Paid-In Capital/Capital Surplus 9,914 8,797 Retained Earnings 9,870 23,879 Cumulative Translation Adjustment/Unrealized For. Exch. Gain -478 832 Unrealized Gain/Loss Marketable Securities - - Other Appropriated Reserves 16,431 17,172 Unappropriated Reserves 1,877 1,877 Treasury Stock -181 -181 Common Equity / Total Assets 18.29% 28.53% Total Shareholders' Equity 38,556 53,488 Total Shareholders' Equity / Total Assets 18.29% 28.53% Accumulated Minority Interest -1,095 -101 Total Equity 37,461 53,387 Liabilities & Shareholders' Equity 210,827 187,460 Question: What types of working capital policies is JFC using based from it’s financial statements?

Financial Accounting: The Impact on Decision Makers

10th Edition

ISBN:9781305654174

Author:Gary A. Porter, Curtis L. Norton

Publisher:Gary A. Porter, Curtis L. Norton

Chapter7: Receivables And Investments

Section: Chapter Questions

Problem 7.11E

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Fiscal year is January-December. All values PHP Millions.	2020	2019

Cash & Short Term Investments	57,461	23,022
Cash Only	21,361	20,892
Short-Term Investments	36,100	2,130
Cash & Short Term Investments Growth	149.59%	-4.75%

Cash & ST Investments / Total Assets	27.26%	12.28%
Total Accounts Receivable	7,050	5,906
Accounts Receivables, Net	5,796	5,370
Accounts Receivables, Gross	6,455	5,762
Bad Debt/Doubtful Accounts	-659	-392

Other Receivables	1,253	537
Accounts Receivable Growth	19.36%	21.46%
Accounts Receivable Turnover	18.34	30.41
Inventories	10,727	12,016
Finished Goods	-	9,116
Raw Materials	7,680	228
Progress Payments & Other	3,048	2,673
Other Current Assets	4,802	4,675
Prepaid Expenses	4,661	4,436
Miscellaneous Current Assets	141	239
Total Current Assets	80,041	45,619
Net Property, Plant & Equipment	62,908	75,059
Property, Plant & Equipment - Gross	100,648	110,183
Buildings	7,963	7,509
Land & Improvements	1,041	1,070
Construction in Progress	3,751	3,709
Transportation Equipment	621	626
Other Property, Plant & Equipment	53,047	54,802
Accumulated Depreciation	37,739	35,123
Buildings	2,459	2,187
Land & Improvements	-	8
Construction in Progress	20	-
Transportation Equipment	504	468
Other Property, Plant & Equipment	34,756	32,461
Total Investments and Advances	7,936	7,443
LT Investment - Affiliate Companies	7,330	6,832
Other Long-Term Investments	607	611
Long-Term Note Receivable	255	411
Intangible Assets	50,365	50,981
Net Goodwill	14,097	14,497
Net Other Intangibles	36,267	36,484
Other Assets	3,209	3,497
Deferred Charges	37	161
Tangible Other Assets	3,171	3,336
Total Assets	210,827	187,460
Assets - Total - Growth	12.47%	24.53%
Asset Turnover	-	-
Return On Average Assets	-	-

Liabilities & Shareholders' Equity
All values PHP Millions.	2020	2019
ST Debt & Current Portion LT Debt	27,075	32,633
Short Term Debt	15,875	22,180
Current Portion of Long Term Debt	11,199	10,453
Accounts Payable	11,666	14,405
Accounts Payable Growth	-19.01%	10.01%

Income Tax Payable	197	392
Other Current Liabilities	19,991	19,915
Dividends Payable	579	88
Accrued Payroll	2,741	2,775
Miscellaneous Current Liabilities	16,671	17,053
Total Current Liabilities	58,928	67,345
Current Ratio	1.36	0.68
Quick Ratio	1.18	0.5
Cash Ratio	0.98	0.34
Long-Term Debt	106,360	59,450
Long-Term Debt excl. Capitalized Leases	73,755	19,180
Non-Convertible Debt	73,755	19,180
Capitalized Lease Obligations	-	-
Provision for Risks & Charges	3,953	3,046
Deferred Taxes	-2,259	-277

Deferred Taxes - Credit	3,856	4,173
Deferred Taxes - Debit	6,114	4,449
Other Liabilities	269	58
Other Liabilities (excl. Deferred Income)	269	58
Total Liabilities	173,366	134,073
Total Liabilities / Total Assets	82.23%	71.52%
Common Equity (Total)	38,556	53,488
Common Stock Par/Carry Value	1,122	1,110
Additional Paid-In Capital/Capital Surplus	9,914	8,797
Retained Earnings	9,870	23,879
Cumulative Translation Adjustment/Unrealized For. Exch. Gain	-478	832

Unrealized Gain/Loss Marketable Securities	-	-
Other Appropriated Reserves	16,431	17,172

Unappropriated Reserves	1,877	1,877
Treasury Stock	-181	-181

Common Equity / Total Assets	18.29%	28.53%
Total Shareholders' Equity	38,556	53,488
Total Shareholders' Equity / Total Assets	18.29%	28.53%
Accumulated Minority Interest	-1,095	-101

Total Equity	37,461	53,387
Liabilities & Shareholders' Equity	210,827	187,460

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What types of working capital policies is JFC using based from it’s financial statements?

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