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    Quiz BF

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    lope pecayo
    The document provides condensed financial statements for three companies - JFC, Petron, and Globe - as of December 31, 2014. It includes data on their assets, liabilities, equity, sales revenue, costs, expenses, income, and beginning inventory. Financial ratios are then calculated based on the data, including quick ratio, current ratio, return on equity, return on assets, gross profit margin, operating profit margin, net profit margin, accounts receivable turnover, average collection period, and average age of inventory.

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    Quiz BF

    Uploaded by

    lope pecayo
    483 views3 pages
    The document provides condensed financial statements for three companies - JFC, Petron, and Globe - as of December 31, 2014. It includes data on their assets, liabilities, equity, sales revenue, costs, expenses, income, and beginning inventory. Financial ratios are then calculated based on the data, including quick ratio, current ratio, return on equity, return on assets, gross profit margin, operating profit margin, net profit margin, accounts receivable turnover, average collection period, and average age of inventory.

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    QUIZ BF

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    The document provides condensed financial statements for three companies - JFC, Petron, and Globe - as of December 31, 2014. It includes data on their assets, liabilities, equity, sales revenue, costs, expenses, income, and beginning inventory. Financial ratios are then calculated based on the data, including quick ratio, current ratio, return on equity, return on assets, gross profit margin, operating profit margin, net profit margin, accounts receivable turnover, average collection period, and average age of inventory.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    483 views3 pages

    Quiz BF

    Uploaded by

    lope pecayo
    The document provides condensed financial statements for three companies - JFC, Petron, and Globe - as of December 31, 2014. It includes data on their assets, liabilities, equity, sales revenue, costs, expenses, income, and beginning inventory. Financial ratios are then calculated based on the data, including quick ratio, current ratio, return on equity, return on assets, gross profit margin, operating profit margin, net profit margin, accounts receivable turnover, average collection period, and average age of inventory.

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    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
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    of 3

    Condensed financial statements of the three companies as of December 31,

    2014

    JFC Petron Globe


    ASSETS
    Current 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
    24,022 219,029 46,742
    Non-current Assets
    Property, plant and equipment 13,364 153,650 117,299
    Financial Investments 3,410 1,613 451
    Other non-current assets 13,323 17,032 15,015
    30,097 172,295 132,765
    TOTAL ASSETS 54,119 391,324 179,507
    LIABILITIES
    Current Liabilities
    Accounts Payable 2,455 29,496 12,458
    Income Tax Payable 182 73 1,587
    Short-term debt 1,865 133,388 0
    Other current liabilities 14,589 39,630 46,305
    19,091 202,587 60,350
    Non-current Liabilities
    Long-term Debt 4,428 66,269 59,146
    Other Liabilities 2,522 8,776 5,473
    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-in Capital 4,452 19,653 36,049
    Retained Earnings 22,646 40,815 10,852
    Other Equity Accounts (84) 43,739 (792)
    Total Equity 28,078 113,692 54,538
    TOTAL LIABILITIES

    AND EQUITY 54,119 391,324 179,507

    Financial performance of the three companies for the year ended December 31, 2014.

    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) (11,830.00) (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

    GIVEN: Beginning inventory amounted to P 100,000


    COMPUTE THE FOLLOWING:

    1. QUICK RATIO

    2. CURRENT RATIO

    3. RETURN ON EQUITY

    4. RETURN ON ASSET

    5. GROSS PROFIT MARGIN

    6. OPERATING PROFIT MARGIN

    7. NET PROFIT MARGIN

    8. ACCOUNT RECEIVABLE TURNOVER

    9. AVERAGE COOLECTION PERIOD

    10. AVERAGE AGE OF INVENTORY

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