Note: please dont use excel and show ur solution. (NO NEED TO CONVERT INTO PERCENTAGE. TWO DECIMAL POINTS ONLY.)What is the Interest coverage ratio of JFC? Interest coverage ratio of JFC *STATEMENT OF FINANCIAL POSITION AND INCOME STATEMENT OF 3 COMIPANIES AS DECEMBER31, 2014JFCPetronGlobeAssetsCash7,61990, 60216, 757Receivables7,62117,92723, 543Inventories5, 9722. 81053, 18057, 3203,186Other current assets3, 256Current Assets24, 022219,02946, 742PPEFinancial Investments13, 364153,650117, 2993, 4101,613451Other non-current assets13, 32317, 03215,015Non-current Assets30, 097172, 295132, 765Total Assets54. 119391,324179,507JFCPetronGlobeLiabilitiesAccounts PayableIncome Tax Payable2. 45529, 49612, 458182731, 587Short-tem debt1. 865133, 388Other current liabilities14, 58939, 63046, 305Current Liabilities19,091202, 58760, 350Long-term debtOther non-current liabilities4, 42866, 26959, 1462, 5228, 7765.473Non-current Liabilities6, 95075,04564, 619Total Liabilities26, 041277, 634124, 969JFCPetronGlobeEquityCapital StockAdditional Paid-CapitalRetained Eamings1,0649, 4858, 4294, 45219, 65336,04922, 64640, 81510, 852Other equity accounts(84)43, 739113, 692391, 324(792)Total Equity28, 07854, 538Total Liabilities & Equity54, 119179,507JFCPetronGlobeSales Revenue90,671482,535103,235Cost of Sales Service(73,728)(463,100)(10,661)Gross Margin16,94319,43592,574Operating Expenses(10,806)(11,830)(59,506)Operating Profit6,1377,60533,068Other Income7481.7361,255Other Expenses(126)(5.528)(14.940)Net Income before Tax6,7593,81319,383Income Tax(1,271)(804)(6,011)Net Income after Tax5,4883,00913,372

In the given question, we have to calculate the Interest Coverage ratio of the JFC.

Answered: Interest coverage ratio of JFC *

Business

Finance

Interest coverage ratio of JFC *

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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