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
Section: Chapter Questions
Problem 1PS
Related questions
Question
What is the cash conversion cycle of JFC?
Note: don’t use excel and show your solution.
Transcribed Image Text:Cash conversion cycle JFC *
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
Other current assets
23, 543
3,186
7. 621
17,927
5, 972
53, 180
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
2, 455
29, 496
12, 458
Income Tax Payable
182
73
1, 587
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
59, 146
4, 428
66, 269
2, 522
8, 776
5,473
Other non-current liabilities
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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