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Debt ratio of GLOBE * 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 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 1,613 17, 032 3, 410 451 13, 323 15,015 Non-current Assets 30. 097 172, 295 132, 765 $4.119 391,324 179, 507 Total Assets 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 4, 428 66, 269 59, 146 Other non-current liabilities 8, 776 75, 045 2,522 5, 473 Non-current Liabilities 6, 950 64, 619 Total Liabilities 26,041 277, 634 124, 969 JFC Petron Globe Equity Capital Stock Additional Paid-Capital 1,064 9, 485 8, 429 4, 452 19,653 36,049 Retained Eamings 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 Other Expenses 748 1.736 1,255 (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

Debt ratio of GLOBE * 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 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 1,613 17, 032 3, 410 451 13, 323 15,015 Non-current Assets 30. 097 172, 295 132, 765 $4.119 391,324 179, 507 Total Assets 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 4, 428 66, 269 59, 146 Other non-current liabilities 8, 776 75, 045 2,522 5, 473 Non-current Liabilities 6, 950 64, 619 Total Liabilities 26,041 277, 634 124, 969 JFC Petron Globe Equity Capital Stock Additional Paid-Capital 1,064 9, 485 8, 429 4, 452 19,653 36,049 Retained Eamings 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 Other Expenses 748 1.736 1,255 (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

Survey of Accounting (Accounting I)
Survey of Accounting (Accounting I)
8th Edition
ISBN:9781305961883
Author:Carl Warren
Publisher:Carl Warren
Chapter9: Metric-analysis Of Financial Statements
Section: Chapter Questions
Problem 9.4.8P: Twenty metrics of liquidity, solvency, and profitability The comparative financial statements of...
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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 GLOBE?
Debt ratio of GLOBE * STATEMENT OF FINANCIAL POSITION AND INCOME STATEMENT OF 3 COMPANIES AS DECEMBER 31, 2014 JFC Petron Globe Assets Cash Receivables 7,619 90, 602 16, 757 7,621 17.927 23, 543 Inventories Otber current assets 5,972 53, 180 3,186 2, 810 57, 320 3, 256 Current Assets 24, 022 219,029 46, 742 PPE 13, 364 153,650 117, 299 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 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 4, 428 66, 269 59, 146 Other non-curent 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 Additional Paid-Capital 1,064 9, 485 8, 429 4, 452 19, 653 36,049 Retained Eamings 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 Inconme 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 GLOBE * STATEMENT OF FINANCIAL POSITION AND INCOME STATEMENT OF 3 COMPANIES AS DECEMBER 31, 2014 JFC Petron Globe Assets Cash Receivables 7,619 90, 602 16, 757 7,621 17.927 23, 543 Inventories Otber current assets 5,972 53, 180 3,186 2, 810 57, 320 3, 256 Current Assets 24, 022 219,029 46, 742 PPE 13, 364 153,650 117, 299 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 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 4, 428 66, 269 59, 146 Other non-curent 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 Additional Paid-Capital 1,064 9, 485 8, 429 4, 452 19, 653 36,049 Retained Eamings 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 Inconme 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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