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What is Debt to equity ratio of JFC? Note: please don’t use excel and show your solution.

What is Debt to equity ratio of JFC? Note: please don’t use excel and show your solution.

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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What is Debt to equity ratio of JFC? Note: please don’t use excel and show your solution.
Debt to equity ratio of JFC * STATEMENT OF FINANCIAL POSITION AND INCOME STATEMENT OF 3 COMPANIES AS DECEMBER 31, 2014 JFC Petron Globe Assets Cash Receivables Inventories 7,619 90, 602 16, 757 7,621 17.927 23, 543 53, 180 57, 320 5, 972 3,186 Otber current assets 2, 810 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 $4. 119 179, 507 Total Assets 391,324 JFC Petron Globe Liabilities Accounts Payable 2,455 29, 496 12. 458 1, 587 Income Tax Payable Short-tem debt 182 73 1. 865 133, 388 Other current liabilities 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 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 Eamings Other equity accounts 1,064 9, 485 8, 429 4, 452 19,653 36, 049 22, 646 40, 815 10, 852 (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:Debt to equity ratio of JFC * STATEMENT OF FINANCIAL POSITION AND INCOME STATEMENT OF 3 COMPANIES AS DECEMBER 31, 2014 JFC Petron Globe Assets Cash Receivables Inventories 7,619 90, 602 16, 757 7,621 17.927 23, 543 53, 180 57, 320 5, 972 3,186 Otber current assets 2, 810 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 $4. 119 179, 507 Total Assets 391,324 JFC Petron Globe Liabilities Accounts Payable 2,455 29, 496 12. 458 1, 587 Income Tax Payable Short-tem debt 182 73 1. 865 133, 388 Other current liabilities 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 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 Eamings Other equity accounts 1,064 9, 485 8, 429 4, 452 19,653 36, 049 22, 646 40, 815 10, 852 (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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