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Debt ratio of JFC * STATEMENT OF FINANCIAL POSITION AND INCOME STATEMENT OF 3 COMIPANIES AS DECEMBER 31, 2014 JFC Petron Globe Assets Cash Receivables Inventories Otber current assets 7,619 90, 602 16, 757 7.621 17.927 23, 543 53, 180 57,320 5,972 3,186 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 Total Assets $4.119 391, 324 179, 507 JFC Petron Globe Liabilities Accounts Payable 2. 455 29, 496 12, 458 Income Tax Payable Short-tem debt Other current liabilities 182 73 1, 587 1, 865 133, 388 14, 589 39, 630 46, 305 Current Liabilities 19,091 202, 587 60, 350 59, 146 5, 473 Long-term debt 4, 428 66, 269 Other non-current liabilities 2, 522 8, 776 Non-current Liabilities 6, 950 75,045 64, 619 Total Liabilities 26,041 277,634 124, 969 JFC Petron Globe Equity 1, 064 Capital Stock Additional Paid-Capital 9, 485 8, 429 4, 452 19, 653 36, 049 Retained Earnings 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 Tax 6,759 13א,3 19,383 Income Tax (1.271) (804) (6,011) Net Income after Tax 5,488 3,009 13,372

Debt ratio of JFC * STATEMENT OF FINANCIAL POSITION AND INCOME STATEMENT OF 3 COMIPANIES AS DECEMBER 31, 2014 JFC Petron Globe Assets Cash Receivables Inventories Otber current assets 7,619 90, 602 16, 757 7.621 17.927 23, 543 53, 180 57,320 5,972 3,186 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 Total Assets $4.119 391, 324 179, 507 JFC Petron Globe Liabilities Accounts Payable 2. 455 29, 496 12, 458 Income Tax Payable Short-tem debt Other current liabilities 182 73 1, 587 1, 865 133, 388 14, 589 39, 630 46, 305 Current Liabilities 19,091 202, 587 60, 350 59, 146 5, 473 Long-term debt 4, 428 66, 269 Other non-current liabilities 2, 522 8, 776 Non-current Liabilities 6, 950 75,045 64, 619 Total Liabilities 26,041 277,634 124, 969 JFC Petron Globe Equity 1, 064 Capital Stock Additional Paid-Capital 9, 485 8, 429 4, 452 19, 653 36, 049 Retained Earnings 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 Tax 6,759 13א,3 19,383 Income Tax (1.271) (804) (6,011) Net Income after Tax 5,488 3,009 13,372

Cornerstones of Financial Accounting
Cornerstones of Financial Accounting
4th Edition
ISBN:9781337690881
Author:Jay Rich, Jeff Jones
Publisher:Jay Rich, Jeff Jones
Chapter12: Fainancial Statement Analysis
Section: Chapter Questions
Problem 79E
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Note: please don’t use excel and show the solution. (NO NEED TO CONVERT INTO PERCENTAGE. TWO DECIMAL POINTS ONLY.) What is Debt ratio of JFC?
Debt ratio of JFC * STATEMENT OF FINANCIAL POSITION AND INCOME STATEMENT OF 3 COMIPANIES AS DECEMBER 31, 2014 JFC Petron Globe Globe Assets Cash Receivables 7,619 90, 602 16, 757 7.621 17.927 23, 543 5, 972 2, 810 Inventories 53, 180 3,186 Other current assets 3, 256 46, 742 117, 299 57,320 Current Assets 24, 022 219,029 PPE 13, 364 153,650 Financial Investments 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 2, 455 29, 496 12, 458 182 73 1, 587 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 4, 428 66, 269 59, 146 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 Earnings 1,064 9, 485 8, 429 4, 452 19,653 36,049 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 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 ratio of JFC * STATEMENT OF FINANCIAL POSITION AND INCOME STATEMENT OF 3 COMIPANIES AS DECEMBER 31, 2014 JFC Petron Globe Globe Assets Cash Receivables 7,619 90, 602 16, 757 7.621 17.927 23, 543 5, 972 2, 810 Inventories 53, 180 3,186 Other current assets 3, 256 46, 742 117, 299 57,320 Current Assets 24, 022 219,029 PPE 13, 364 153,650 Financial Investments 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 2, 455 29, 496 12, 458 182 73 1, 587 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 4, 428 66, 269 59, 146 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 Earnings 1,064 9, 485 8, 429 4, 452 19,653 36,049 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 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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