Note: please dont use excel and show ur solution. (NO NEED TO CONVERT INTO PERCENTAGE. TWO DECIMAL POINTS ONLY.)What is the Debt to equity ratio of GLOBE? Debt to equity ratio of GLOBE*STATEMENT OF FINANCIAL POSITION AND INCOME STATEMENT OF 3 COMIPANIES AS DECEMBER31, 2014JFCPetronGlobeAssets16, 75723, 543Cash7,61990, 602ReceivablesInventoriesOther current assets7,62117.9275,97253, 1803,1862,81057, 3203, 256Current Assets24, 022219,02946, 742PPEFinancial Investments13, 364153,650117, 2993, 4101,613451Other non-current assets13, 32317,03215,015Non-current Assets30, 097172, 295132, 765Total Assets54. 119391,324179,507JFCPetronGlobeLiabilitiesAccounts PayableIncome Tax PayableShort-tem debtOther current liabilities2, 45529, 49612, 458182731, 5871, 865133, 38814, 58939, 63046, 305Current Liabilities19,091202, 58760, 350Long-term debt4, 42866, 26959, 146Other non-current liabilities2, 5228, 7765. 47364, 619124, 969Non-current Liabilities6, 95075,045Total Liabilities26.041277,634JFCPetronGlobeEquityCapital Stock1, 0649, 4858, 429Additional Paid-CapitalRetained Earnings4,45219,65336,04922,64640, 81510, 852Other equity accounts(84)43, 739(792)Total Equity28,078113, 69254, 538Total Liabilities & Equity54, 119391,324179,507JFCPetronGlobeSales Revenue90,671482,535103,235Cost of Sales Service(73,728)(463,100)(10,661)Gross Margin16,94319,43592,574Operating Expenses(10,806)(11,830)(59,506)Operating Profit6,1377,60533,068Other Income7481.7361,255Other Expenses(126)(5.528)(14.940)Net Income before Tax6,7593,81319,383Income Tax(1.271)(804)(6,011)Net Income after Tax5,4883,00913,372

Debt to equity ratio = Total Debt/ Shareholders equity

Answered: please dont use excel and show ur…

please dont use excel and show ur solution. (NO NEED TO CONVERT INTO PERCENTAGE. TWO DECIMAL POINTS ONLY.) What is the Debt to equity ratio of GLOBE?

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

See similar textbooks

Related questions

Q: tio C. Interest Coverage Ratio D. All are correct

A: Long term solvency is the capacity of the business to meet long term debt obligations

Q: (D/D+E)kd(1-T) + (E/D+E)k2 is also known as

A: The answer and the explanation is provided below:

Q: 1. What is and describe the “five question approach” to using financial ratios?

A: The "five question approach" clusters financial ratios around important questions that may be…

Q: Name three accounts typical of the liability side of a Balance Sheet. In what side would you enter…

A: A balance sheet or statement that describes a company's assets, liabilities, and shareholders'…

Q: What is the present value of $39,000 due 8 periods hence, discounted at 9%?

A: Present value is the sum of the current value of money of future cash flows. It is also known as a…

Q: Identify how each of the following separate transactions through 10 affects financial statements.…

A: The computation balance sheet is prepared to show the assets, liabilities, and shareholders' funds.…

Q: Why does a balance sheet balance (assets = Liabilities + OE)?

A: Accounting is done on double entry system, in which we book any financial transaction into books at…

Q: Calculate Ebanks, Inc.'s margin and net income. h. Çalculate Ebanks, Inc.'s return on а. equity.

A: Step 1 Calculation of net income: Calculation of Margin:

Q: What do common size statements show? In my textbook, it states that is shows changes in the relative

A: Solution- A common size financial statement displays items as a percentage of a common base figure,…

Q: On a classified balance sheet, how many categories of liabilities are there? 01 02 0-Liabilities…

A: A balance sheet is a statement of assets, liability, and equity. It is prepared after the income…

Q: Explain the four main equity valuation ratios where “Price” is the numer-ator. Give one positive AND…

A: solution the four equity valuation ratios where “Price” is the numerator are a)price-earnings (P/E)…

Q: Compare and contrast the lenders financial ratios and for what purpose they use the ratios

A: Financial ratios refer to the relative magnitude of the selected values measured in numerical that…

Q: The debt to equity ratio is a: Group of answer choices A)Liquidity ratio. b)Solvency ratio.…

A: Debt to equity ratio is calculated the solvency of the company by checking how much of the equity…

Q: Two popular methods of financial statement analysis are horizontal analysis and vertical analysis.…

A: Financial Statements has three components Income Statement, Balance Sheet and Cash flow Statement.…

Q: Hi there, able to example of the Cost of debt part (a) if we didnt use Excel to formulate what is…

A: Cost of debt is denoted as the yield to maturity (YTM) of the bonds as it is the interest amount…

Q: Which of the following ratios is most useful in evaluating solvency? Multiple Choice Current ratio…

A: The ratio measures the company's financial performance and progress over time. It is the quantity…

Q: Define the current ratio and return on assets ratio. (b) State what financial management problem…

A: The current ratio is a financial ratio that measures a company's ability to pay its short-term…

Q: at is a income-to-debt ratio? Please explain in detail. Which numbers/amount of income-to-debt…

A: Step 1 (DTI) are calculations that determine a consumer's ability to repay a debt based on his or…

Q: The debt ratio is defined as (blaink) divided by (blank)

A: Ratios analysis will be providing information as to what percentage of portion is denoted to which…

Q: 7) Which of the following is the formula for calculating Quick Ratie a. Total Debt/Total Assets b.…

A: Quick ratio can also be called as acid test ratio or liquidity ratio. it can be used to measure the…

Q: What is the formula for the dividens paid that results in the -787? I am struggling to find the…

A: Lets understand the basics.Cashflow statement is divided into three type of activities which are,(1)…

Q: Suppose that you are doing a financial statement analysis. Assume you took a financial statement and…

A: Common size balance sheet :- It is a type of balance sheet analysis in which all items of balance…

Question

Note: please dont use excel and show ur solution. (NO NEED TO CONVERT INTO PERCENTAGE. TWO DECIMAL POINTS ONLY.) What is the Debt to equity ratio of GLOBE?

Debt to equity ratio of GLOBE
*
STATEMENT OF FINANCIAL POSITION AND INCOME STATEMENT OF 3 COMIPANIES AS DECEMBER
31, 2014
JFC
Petron
Globe
Assets
16, 757
23, 543
Cash
7,619
90, 602
Receivables
Inventories
Other current assets
7,621
17.927
5,972
53, 180
3,186
2,810
57, 320
3, 256
Current Assets
24, 022
219,029
46, 742
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
Total Assets
54. 119
391,324
179,507
JFC
Petron
Globe
Liabilities
Accounts Payable
Income Tax Payable
Short-tem debt
Other current liabilities
2, 455
29, 496
12, 458
182
73
1, 587
1, 865
133, 388
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-current liabilities
2, 522
8, 776
5. 473
64, 619
124, 969
Non-current Liabilities
6, 950
75,045
Total Liabilities
26.041
277,634
JFC
Petron
Globe
Equity
Capital Stock
1, 064
9, 485
8, 429
Additional Paid-Capital
Retained Earnings
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

Expert Solution

This question has been solved!

Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.

This is a popular solution!

SEE SOLUTION Check out a sample Q&A here

Formula

VIEW

Answer

VIEW

Trending now

This is a popular solution!

Step by step

Solved in 2 steps

SEE SOLUTION Check out a sample Q&A here

Knowledge Booster

Learn more about

Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, accounting and related others by exploring similar questions and additional content below.

Similar questions

The debt ratio may be measured in many different forms. what are they?
it say all answers above are incorrect, i need the yield on the debt percentage plz and thank u
a) Calculate the equity (total asset – total liability) to asset ratio of the bank (Hint: equity to asset ratio = total equity/total asset) %3D b) Calculate the duration and convexity of the both asset and liability sides
Hello, could you explain to me what is a decimal place when calculating financial ratios. thank you.
SLO-3.2. Which of the following is NOT a type of owner's equity? ORent Income OWithdrawls OOwner's Investment OAccounts Payable
Question: What is the formula for calculating the current ratio? a. Current Assets / Current Liabilitiesb. Current Liabilities / Current Assetsc. Total Assets / Total Liabilitiesd. Total Liabilities / Total Assets
Show the calculation of the following solvency ratios: (1) the debt to equity ratio, and (2) the times interest earned ratio.
Identify how each of the following separate transactions through 10 affects financial statements. For increases, place a "i" and the dollar amount in the column or columns. For decreases, place a"- and the dollar amount in the column or columns. Some cells may contain both an increase (+) and a decrease (-) along with dollar amounts. The first transaction is completed as an example. Required: a. For the balance sheet, identify how each transaction affects total essets, total abilities, and total equity For the income statement, identify how each transaction affects net income. b. For the statement of cash flows, identify how each transaction affects cash flows from operating activities, cash flows from investing activities, and cash flows from Snancing activities. Transaction 1. Owner invest $300 cash in business in exchange for vock 2 Rives $700 cash for services provided 3 Pays $500 cash for employee wages & Buys $100 of equipment on cred 5 Purchases $200 af supplies on credit &…
w.com/takeAssignment/takeAssignmentMain.do?invoker= &takeAssign On the balance sheet, liabilities are generally classified as O legal or nonlegal. O probable or estimated. current or long-term. material or immaterial.
Suggest three accounts typical of the liability side of a Balance Sheet. In what side would you enter “discounts earned?”
How do I set this up? This is a few questions stuck together. Count as multiple questions I think. 4-12 Indicate the effect of the transactions listed in the following table on total current assets, current ration, and net income. Use (+) to indicate an increase, (-) to indicate a decrease, and (0) to indicate either no effect or an indeterminate effect. Be prepared to state any necessary assumptions and assume an initial current ratio of more than 1.0. Table for 4-12 Total Current Assets Current Ratio Effect on Net Income a Cash is acquired through issuance of additional stock. b Merchandise is sold for cash. c Federal income tax due for the previous year is paid. d A fixed asset is sold for less than book value. e A fixed asset is sold for more than book value. f Merchandise is sold on credit. g Payment is made to…