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Operating cycle of PETRON * STATEMENT OF FINANCIAL POSITION AND INCOME STATEMENT OF 3 COMPANIES AS DECEMBER 31, 2014

Operating cycle of PETRON * 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
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What is the operating cycle of PETRON? NOTE: SHOW YOUR SOLUTION AND DONT USE EXCEL.
Operating cycle of PETRON * STATEMENT OF FINANCIAL POSITION AND INCOME STATEMENT OF 3 COMPANIES AS DECEMBER 31, 2014 JFC Petron Globe Assets Cash 7,619 90, 602 16, 757 Receivables Inventories 7, 621 17.927 23, 543 5, 972 53, 180 3,186 Otber current assets 2,810 57, 320 3, 256 Current Assets 24, 022 219,029 46, 742 PPE Financial Investments Other non-current assets 13, 364 153,650 117, 299 3, 410 1,613 451 13, 323 17,032 15,015 Non-current Assets 30, 097 172, 295 132, 765 Total Assets 54. 119 391,324 179, 507 JFC Petron Globe Liabilities Accounts Payable 12,458 1, 587 2, 455 29, 496 Income Tax Payable 182 73 Short-temm 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 59, 146 5, 473 4, 428 66, 269 2, 522 8, 776 75, 045 277,634 Non-current Liabilities 6, 950 64, 619 Total Liabilities 26,041 124, 969 JFC Petron Globe Equity Capital Stock Additional Paid-Capital 1,064 9, 485 8, 429 4, 452 19,653 36,049 Retained Eamings 22, 646 40, 815 10, 852 Other equity accounts (84) 43, 739 (792) Total Equity Total Liabilities & Equity 28, 078 113,692 54, 538 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 Taax 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:Operating cycle of PETRON * STATEMENT OF FINANCIAL POSITION AND INCOME STATEMENT OF 3 COMPANIES AS DECEMBER 31, 2014 JFC Petron Globe Assets Cash 7,619 90, 602 16, 757 Receivables Inventories 7, 621 17.927 23, 543 5, 972 53, 180 3,186 Otber current assets 2,810 57, 320 3, 256 Current Assets 24, 022 219,029 46, 742 PPE Financial Investments Other non-current assets 13, 364 153,650 117, 299 3, 410 1,613 451 13, 323 17,032 15,015 Non-current Assets 30, 097 172, 295 132, 765 Total Assets 54. 119 391,324 179, 507 JFC Petron Globe Liabilities Accounts Payable 12,458 1, 587 2, 455 29, 496 Income Tax Payable 182 73 Short-temm 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 59, 146 5, 473 4, 428 66, 269 2, 522 8, 776 75, 045 277,634 Non-current Liabilities 6, 950 64, 619 Total Liabilities 26,041 124, 969 JFC Petron Globe Equity Capital Stock Additional Paid-Capital 1,064 9, 485 8, 429 4, 452 19,653 36,049 Retained Eamings 22, 646 40, 815 10, 852 Other equity accounts (84) 43, 739 (792) Total Equity Total Liabilities & Equity 28, 078 113,692 54, 538 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 Taax 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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