Octane Service Station
Overview of Case Solution
Excel Calculations
Balance Sheet at May 1 & June 30
Income Statement for May and June
Ending Inventory
Gas station Alternatives
Alternaive Investment
Income Statement 2
Questions Covered
Prepare a May 1 and a June 30 balance sheet for Julio Trevino’s service station and an income statement for the intervening period.
Has Julio Trevino’s investment in the gasoline station been a good one for him? Has his return on his investment been greater or less than he would have received had he invested his funds at 15% elsewhere?
Overview of Case Solution
Excel Calculations
Balance Sheet at May 1 & June 30
Income Statement for May and June
Ending Inventory
Gas station Alternatives
Alternaive Investment
Income Statement 2
Questions Covered
Prepare a May 1 and a June 30 balance sheet for Julio Trevino’s service station and an income statement for the intervening period.
Has Julio Trevino’s investment in the gasoline station been a good one for him? Has his return on his investment been greater or less than he would have received had he invested his funds at 15% elsewhere?
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