Financial data for Joel de Paris, Incorporated, for last year follow: Joel de Paris, Incorporated Balance Sheet
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Question:
Financial data for Joel de Paris, Incorporated, for last year follow:
Joel de Paris, Incorporated
Balance Sheet
Beginning Balance Ending Balance
Assets
Cash $ $
Accounts receivable
Inventory
Plant and equipment, net
Investment in Buisson, SA
Land undeveloped
Total assets $ $
Liabilities and Stockholders' Equity
Accounts payable $ $
Longterm debt
Stockholders' equity
Total liabilities and stockholders' equity $ $
Joel de Paris, Incorporated
Income Statement
Sales $
Operating expenses
Net operating income
Interest and taxes:
Interest expense $
Tax expense
Net income $
The company paid dividends of $ last year. The Investment in Buisson, SA on the balance sheet represents an investment in the stock of another company. The company's minimum required rate of return is
Required:
Compute the company's average operating assets for last year.
Compute the companys margin, turnover, and return on investment ROI for last year.
Note: Round "Turnover" to decimal place.
What was the companys residual income last year?
Related Book For
Managerial Accounting
ISBN: 978-1259307416
16th edition
Authors: Ray Garrison, Eric Noreen, Peter Brewer
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