Operating cycle of JFC * STATEMENT OF FINANCIAL POSITION AND INCOME STATEMENT OF 3 COMPANIES AS DECEMBER

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
icon
Related questions
Question
What is the operating cycle of JFC? NOTE: don’t use excel and show your solution.
Operating cycle of JFC *
STATEMENT OF FINANCIAL POSITION AND INCOME STATEMENT OF 3 COMPANIES AS DECEMBER
31, 2014
JFC
Petron
Globe
Globe
Assets
Cash
Receivables
Inventories
7,619
90, 602
16, 757
7, 621
5, 972
17,927
23, 543
53, 180
3,186
Other current assets
2. 810
57, 320
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
30, 097
172, 295
Non-current Assets
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-tem 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
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
1,064
9, 485
8, 429
Additional Paid-Capital
Retained Earmings
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
1.736
748
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:Operating cycle of JFC * STATEMENT OF FINANCIAL POSITION AND INCOME STATEMENT OF 3 COMPANIES AS DECEMBER 31, 2014 JFC Petron Globe Globe Assets Cash Receivables Inventories 7,619 90, 602 16, 757 7, 621 5, 972 17,927 23, 543 53, 180 3,186 Other current assets 2. 810 57, 320 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 30, 097 172, 295 Non-current Assets 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-tem 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 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 1,064 9, 485 8, 429 Additional Paid-Capital Retained Earmings 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 1.736 748 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
steps

Step by step

Solved in 2 steps

Blurred answer
Knowledge Booster
Transaction cycles
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, finance and related others by exploring similar questions and additional content below.
Similar questions
  • SEE MORE QUESTIONS
Recommended textbooks for you
Essentials Of Investments
Essentials Of Investments
Finance
ISBN:
9781260013924
Author:
Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:
Mcgraw-hill Education,
FUNDAMENTALS OF CORPORATE FINANCE
FUNDAMENTALS OF CORPORATE FINANCE
Finance
ISBN:
9781260013962
Author:
BREALEY
Publisher:
RENT MCG
Financial Management: Theory & Practice
Financial Management: Theory & Practice
Finance
ISBN:
9781337909730
Author:
Brigham
Publisher:
Cengage
Foundations Of Finance
Foundations Of Finance
Finance
ISBN:
9780134897264
Author:
KEOWN, Arthur J., Martin, John D., PETTY, J. William
Publisher:
Pearson,
Fundamentals of Financial Management (MindTap Cou…
Fundamentals of Financial Management (MindTap Cou…
Finance
ISBN:
9781337395250
Author:
Eugene F. Brigham, Joel F. Houston
Publisher:
Cengage Learning
Corporate Finance (The Mcgraw-hill/Irwin Series i…
Corporate Finance (The Mcgraw-hill/Irwin Series i…
Finance
ISBN:
9780077861759
Author:
Stephen A. Ross Franco Modigliani Professor of Financial Economics Professor, Randolph W Westerfield Robert R. Dockson Deans Chair in Bus. Admin., Jeffrey Jaffe, Bradford D Jordan Professor
Publisher:
McGraw-Hill Education