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Cash conversion cycle of PETRON * STATEMENT OF FINANCIAL POSITION AND INCOME STATEMENT OF 3 COMPANIES AS DECEMBER 31, 2014

Cash conversion cycle of PETRON * STATEMENT OF FINANCIAL POSITION AND INCOME STATEMENT OF 3 COMPANIES AS DECEMBER 31, 2014

Financial Accounting: The Impact on Decision Makers
Financial Accounting: The Impact on Decision Makers
10th Edition
ISBN:9781305654174
Author:Gary A. Porter, Curtis L. Norton
Publisher:Gary A. Porter, Curtis L. Norton
Chapter12: The Statement Of Cash Flows
Section: Chapter Questions
Problem 12.7E
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What is the conversion cycle of petron?
Cash conversion cycle of PETRON * 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 7,621 17.927 23, 543 Inventories 5, 972 2. 810 53, 180 57, 320 3,186 Other current assets 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 13, 323 1,613 451 s 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 12, 458 1, 587 2, 455 29, 496 182 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 Other non-curent 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 1,064 9, 485 8,429 Additional Paid-Capital Retained Eamings 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:Cash conversion cycle of PETRON * 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 7,621 17.927 23, 543 Inventories 5, 972 2. 810 53, 180 57, 320 3,186 Other current assets 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 13, 323 1,613 451 s 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 12, 458 1, 587 2, 455 29, 496 182 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 Other non-curent 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 1,064 9, 485 8,429 Additional Paid-Capital Retained Eamings 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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