Homework Help is Here – Start Your Trial Now!
Business
Finance
Average payment period of PETRON STATEMENT OF FINANCIAL POSITION AND INCOME STATEMENT OF 3 COMPANIES AS DECEMBER 31, 2014 JFC Petron Globe

Average payment period of PETRON STATEMENT OF FINANCIAL POSITION AND INCOME STATEMENT OF 3 COMPANIES AS DECEMBER 31, 2014 JFC Petron Globe

Survey of Accounting (Accounting I)
Survey of Accounting (Accounting I)
8th Edition
ISBN:9781305961883
Author:Carl Warren
Publisher:Carl Warren
Chapter1: The Role Of Accounting In Business
Section: Chapter Questions
Problem 1.3.1P: Income statement, retained earnings statement, and balance sheet The following financial data were...
See similar textbooks
icon
Related questions
Question
What is the average payment period of PETRON? NOTE: PLEASE SHOW YOUR SOLUTION AND DONT USE EXCEL
Average payment period of PETRON STATEMENT OF FINANCIAL POSITION AND INCOME STATEMENT OF 3 COMPANIES AS DECEMBER 31, 2014 JFC Petron Globe Assets 16, 757 23, 543 Cash Receivables Inventories Other current assets 7,619 90, 602 7,621 17.927 5, 972 53, 180 3,186 2. 810 57, 320 3, 256 46, 742 Current Assets 24, 022 219.029 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 $4.119 179, 507 Total Assets 391,324 JFC Petron Globe Liabilities 12, 458 1, 587 Accounts Payable 2,455 29, 496 Income Tax Payable 182 73 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 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 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:Average payment period of PETRON STATEMENT OF FINANCIAL POSITION AND INCOME STATEMENT OF 3 COMPANIES AS DECEMBER 31, 2014 JFC Petron Globe Assets 16, 757 23, 543 Cash Receivables Inventories Other current assets 7,619 90, 602 7,621 17.927 5, 972 53, 180 3,186 2. 810 57, 320 3, 256 46, 742 Current Assets 24, 022 219.029 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 $4.119 179, 507 Total Assets 391,324 JFC Petron Globe Liabilities 12, 458 1, 587 Accounts Payable 2,455 29, 496 Income Tax Payable 182 73 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 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 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
Expert Solution
steps

Step by step

Solved in 2 steps

SEE SOLUTIONCheck out a sample Q&A here
Blurred answer
Knowledge Booster
Cost of Credit
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
Survey of Accounting (Accounting I)
Survey of Accounting (Accounting I)
Accounting
ISBN:
9781305961883
Author:
Carl Warren
Publisher:
Cengage Learning
Financial Accounting: The Impact on Decision Make…
Financial Accounting: The Impact on Decision Make…
Accounting
ISBN:
9781305654174
Author:
Gary A. Porter, Curtis L. Norton
Publisher:
Cengage Learning
Managerial Accounting: The Cornerstone of Busines…
Managerial Accounting: The Cornerstone of Busines…
Accounting
ISBN:
9781337115773
Author:
Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger
Publisher:
Cengage Learning
Intermediate Accounting: Reporting And Analysis
Intermediate Accounting: Reporting And Analysis
Accounting
ISBN:
9781337788281
Author:
James M. Wahlen, Jefferson P. Jones, Donald Pagach
Publisher:
Cengage Learning
Financial & Managerial Accounting
Financial & Managerial Accounting
Accounting
ISBN:
9781285866307
Author:
Carl Warren, James M. Reeve, Jonathan Duchac
Publisher:
Cengage Learning
Cornerstones of Financial Accounting
Cornerstones of Financial Accounting
Accounting
ISBN:
9781337690881
Author:
Jay Rich, Jeff Jones
Publisher:
Cengage Learning
SEE MORE TEXTBOOKS