Petron Globe Assets Cash Receivables Inventories 7,619 90, 602 16, 757 7, 621 5, 972 2. 810 17,927 23, 543 53, 180 3,186 Other current assets 57, 320 3, 256 Current Assets 24, 022 219,029 46, 742 PPE Financial Investments Other non-current assets 13, 364 153,650 -299 .17ת 3, 410 1,613 451 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 Accounts Payable 2, 455 29, 496 12,458 Income Tax Payable 182 73 1, 587 Short-tem debt 1. 865 133. 388

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 1.4.2MBA: Return on assets The following data (in millions) were adapted from recent financial statements of...
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Average payment period 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
Inventories
Other current assets
7,621
17.927
23, 543
5. 972
53, 180
3,186
2,810
57, 320
3, 256
Current Assets
24, 022
219,029
46, 742
PPE
153,650
117, 299
13, 364
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
Accounts Payable
2,455
29, 496
12, 458
Income Tax Payable
Short-tem debt
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
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
4, 452
19,653
36, 049
Retained Earmings
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 Reveue
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)
(59,506)
(11,830)
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 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 Inventories Other current assets 7,621 17.927 23, 543 5. 972 53, 180 3,186 2,810 57, 320 3, 256 Current Assets 24, 022 219,029 46, 742 PPE 153,650 117, 299 13, 364 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 Accounts Payable 2,455 29, 496 12, 458 Income Tax Payable Short-tem debt 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 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 4, 452 19,653 36, 049 Retained Earmings 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 Reveue 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) (59,506) (11,830) 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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