Pperating cycle of GLOBE * STATEMENT OF FINANCIAL POSITION AND INCOME STATEMENT OF 3 COMPANIES AS DECEMBER 31, 2014 JFC Petron Globe Assets Cash Receivables Inventories 7,619 90, 602 16, 757 7,621 17,927 23, 543 5,972 53, 180 3,186 Other current assets 2. 810 57. 320 3, 256 Current Assets 24, 022 219,029 46, 742 13, 364 153, 650 29 .7וa PPE Financial Investments Other non-current assets 3, 410 1,613 451 13,323 17,032 15,015 132, 765 179, 507 Non-current Assets 30, 097 172, 295 Total Assets 54. 119 391,324 JFC Petron Globe Liabilities Accounts Payable Income Tax Payable Short-tem debt Other current linbilities 2, 455 29, 496 12, 458 182 73 1, 587 1, 865 133, 388 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 26,041 634 ,רר2 124,969 JFC Petron Globe Equity Capital Stock Additional Paid-Capital Retained Earmings 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

Pperating cycle of GLOBE * STATEMENT OF FINANCIAL POSITION AND INCOME STATEMENT OF 3 COMPANIES AS DECEMBER 31, 2014 JFC Petron Globe Assets Cash Receivables Inventories 7,619 90, 602 16, 757 7,621 17,927 23, 543 5,972 53, 180 3,186 Other current assets 2. 810 57. 320 3, 256 Current Assets 24, 022 219,029 46, 742 13, 364 153, 650 29 .7וa PPE Financial Investments Other non-current assets 3, 410 1,613 451 13,323 17,032 15,015 132, 765 179, 507 Non-current Assets 30, 097 172, 295 Total Assets 54. 119 391,324 JFC Petron Globe Liabilities Accounts Payable Income Tax Payable Short-tem debt Other current linbilities 2, 455 29, 496 12, 458 182 73 1, 587 1, 865 133, 388 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 26,041 634 ,רר2 124,969 JFC Petron Globe Equity Capital Stock Additional Paid-Capital Retained Earmings 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

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

Chapter13: Financial Statement Analysis

Section: Chapter Questions

Problem 13.1E

See similar textbooks

Similar questions

Income statement, retained earnings statement, and balance sheet The following financial data were adapted from a recent annual report of Target Corporation (GT) for the year ending January 31. Instructions Prepare a ba1anc sheet as of January 31
Income statement, retained earnings statement, and balance sheet The following financial data were adapted from a recent annual report of Target Corporation (GT) for the year ending January 31. Instructions Prepare Target’s income statement for the year ending January 31.
Return on assets The following data (in millions) were adapted from recent financial statements of Tootsie Roll Industries Inc. (TR): What is Tootsie Roll’s percent of the cost of sales to sales? Round to one decimal place.
Return on assets The following data (in millions) were adapted from recent financial statements of Tootsie Roll Industries Inc. (TR): What is the percentage of net income to sales for Tootsie Roll? Round to one decimal place.
Income statement, retained earnings statement, and balance sheet The following financial data were adapted from a recent annual report of Ta get Corporation (TGT) for the year ending January 31. Instructions Prepare Target’s statement of stockholders’ equity for the year ending January 31. Use the following additional information for the year:
Classification of Financial Statement Items Regal Entertainment Group operates the largest chain of movie theaters in the U.S. Classify each of the following items found on the companys balance sheet included in the Form 10-K for the fiscal year ended January 1, 2015 as a current asset (CA), noncurrent asset (NCA), current liability (CL), long-term liability (LTL), or stockholders equity (SE) item. ______ 1. Trade and other receivables, net ______ 2. Class A common stock ______ 3. Land ______ 4. Inventories ______ 5. Interest payable ______ 6. Equipment ______ 7. Accounts payable ______ 8. Retained earnings ______ 9. Equipment ______ 10. Long-term debt, less current portion
Financial statements The assets and liabilities of Global Travel Agency on December 31, 20Y5, and its revenue and expenses for the year are as follows: Common stock was 525,000 and retained earnings was 1,250,000 as of January 1, 20Y5. During the year, additional common stock of 50,000 was issued for cash, and dividends of 90,000 were paid. Instructions 1. Prepare an income statement for the year ended December 31, 20Y5. 2. Prepare a statement of stockholders equity for the year ended December 31, 20Y5. 3. Prepare a balance sheet as of December 31, 20Y5. 4. What items appears on both the statement of stockholders equity and the balance sheet?
FINANCIAL STATEMENTS The Davidson Corporation's balance sheet and income statement are provided here. Davidson Corporation: Balance Sheet as of December 31, 2016 (Millions of Dollars) Davidson Corporation: Income Statement for Year Ending December 31, 2016 (Millions of Dollare) Sales 6.250 Operating costs excluding depreciation and amortization 5.230 EBITDA 1.000 Depreciation amortization 2.20 EBIT 800 Interest 180 EBT 620 Taxes (40%) 248 Net income 372 Common dividends paid 146 Earnings per share 3,72 a. Construct the statement of stockholders equity for December 31, 2016. No common stock was issued during 2016. b. How much money has been reinvested in the firm over the years? c. At the present time, how large a check could be written without it bouncing? d. How much money must be paid to current creditors within the next year?
Return on assets The following data (in millions) were adapted from recent financial statements of Tootsie Roll Industries Inc. (TR): Using your answers to MBA 1-3, compare the markup percentages and return on assets for Hershey and Tootle Roll.
Return on assets The following data (in millions) were adapted from recent financial statements of Tootsie Roll Industries Inc. (TR): The percent a company adds to its cost of sales to determine selling price is called a markup. What is Tootsie Roll’s markup percent? Round to one decimal place.
Multiple-step income statement and balance sheet The following selected accounts and their current balances appear in the ledger of Clairemont Co. for the fiscal year ended May 31, 20Y2: Instructions 1. Prepare a multiple-step income statement. 2. Prepare a statement of stockholders equity. Additional common stock of 75,000 was issued during the year ended May 31, 20Y2. 3. Prepare a balance sheet, assuming that the current portion of the note payable is 50,000. 4. Briefly explain how multiple and single-step income statements differ.
Income statement, retained earnings statement, and balance sheet The amounts of the assets and liabilities of Glacier Travel Service as of September 30, 20Y6, the end of the current year, and its revenue and expenses for the year are listed below. The retained earnings were $150000 and the common stock was $50000 as of October 1, 20Y5, the beginning of the current year. Dividends of $10000 were paid during the year. Instructios Prepare a statement of stockholders’ equity for the current year ended September 30. 20Y6.