This is an example of a local Philippine company and its working capital practices. Jollibee Foods Corporation Statements of Financial Position as of December 31, 2019 (In Millions of PHP) Current assets 7,618 7,621 Cash and Cash Equivalents Accounts Receivable 5,972 Inventories 2,810 Other Current Assets 24,021 Total Current Assets 30,097 54,119 Non-Current Assets Total Assets Page 5 of 21

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
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This is an example of a local Philippine company and its working capital
practices.
Jollibee Foods Corporation
Statements of Financial Position as of December 31, 2019
(In Millions of PHP) Current assets
7,618
7,621
Cash and Cash Equivaients
Accounts Receivable
5,972
Inventories
2,810
Other Current Assets
24,021
Total Current Assets
30,097
54,119
Non-Current Assets
Total Assets
Page 5 of 21
Transcribed Image Text:This is an example of a local Philippine company and its working capital practices. Jollibee Foods Corporation Statements of Financial Position as of December 31, 2019 (In Millions of PHP) Current assets 7,618 7,621 Cash and Cash Equivaients Accounts Receivable 5,972 Inventories 2,810 Other Current Assets 24,021 Total Current Assets 30,097 54,119 Non-Current Assets Total Assets Page 5 of 21
Learning Module for Business Finance
Current Liabilities
6,576
Trade Payables
12,515
Other Current Liabilities
Total Current Liabilities
19,091
Non-Current Liabilities
6,950
26,041
28,078
Total Liabilities
Total Equity
Total Liabilities and Equity
54,119
What are the assets needed by Jollibee for its daily operations? Refer
your answers to the Statement of Financial Position of Jollibee shown above.
Transcribed Image Text:Learning Module for Business Finance Current Liabilities 6,576 Trade Payables 12,515 Other Current Liabilities Total Current Liabilities 19,091 Non-Current Liabilities 6,950 26,041 28,078 Total Liabilities Total Equity Total Liabilities and Equity 54,119 What are the assets needed by Jollibee for its daily operations? Refer your answers to the Statement of Financial Position of Jollibee shown above.
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