Note: please dont use excel and show your solution.What is Debt to equity ratio of PETRON? Debt to equity ratio of PETRON *STATEMENT OF FINANCIAL POSITION AND INCOME STATEMENT OF 3 COMPANIES AS DECEMBER31, 2014JFCPetronGlobeCAssetsCash16, 7577,61990, 60217.92723, 543Receivables7.621Inventories5, 97253, 1803,186Other current assets2. 81057, 3203, 256Current Assets24, 022219,02946, 742153,650| 299 ,7ותPPE13, 364Financial InvestmentsOther non-curent assets3, 4101,61345113,32317,03215,015Non-current Assets30, 097172, 295132, 765Total Assets54. 119391,324179, 507JFCPetronGlobeLiabilities12, 4581, 587Accounts Payable2, 45529, 496Income Tax Payable18273Short-tem debt1, 865133, 388Other current liabilities39, 63046, 30514, 589Current Liabilities19,091202, 58760, 350Long-term debt4, 42866, 26959, 146Other non-current liabilities2, 5228, 7765.473Non-current Liabilities6, 95075,04564, 619Total Liabilities26.041277, 634124,969JFCPetronGlobeEquityCapital StockAdditional Paid-CapitalRetained Earnings1,0649, 4858,4294, 45219,65336,04922,64640, 81510, 852Other equity accounts(84)43, 739(792)Total Equity28,078113, 69254, 538Total Liabilities & Equity54, 119391,324179,507JFCPetronGlobeSales 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

The formula for the calculation of debt equity ratio is as follows: Debt equity ratio=Debt Equity

Answered: What is Debt to equity ratio of PETRON?

Business

Finance

What is Debt to equity ratio of PETRON?

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 9.4.9P: Twenty metrics of liquidity, solvency, and profitability The comparative financial statements of...

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Note: please dont use excel and show your solution. What is Debt to equity ratio of PETRON?

Debt to equity ratio of PETRON *
STATEMENT OF FINANCIAL POSITION AND INCOME STATEMENT OF 3 COMPANIES AS DECEMBER
31, 2014
JFC
Petron
Globe
C
Assets
Cash
16, 757
7,619
90, 602
17.927
23, 543
Receivables
7.621
Inventories
5, 972
53, 180
3,186
Other current assets
2. 810
57, 320
3, 256
Current Assets
24, 022
219,029
46, 742
153,650
| 299 ,7ות
PPE
13, 364
Financial Investments
Other non-curent assets
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
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
39, 630
46, 305
14, 589
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
Additional Paid-Capital
Retained Earnings
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
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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