Question: Please answer #1,2,3 , thanks you Financial data for Joel de Paris, Inc., for last year follow: Joel de Paris, Inc. Balance Sheet Beginning Balance

Please answer #1,2,3 , thanks you
Please answer #1,2,3 , thanks you Financial data for Joel de Paris,
Inc., for last year follow: Joel de Paris, Inc. Balance Sheet Beginning

Financial data for Joel de Paris, Inc., for last year follow: Joel de Paris, Inc. Balance Sheet Beginning Balance Ending Balance Assets Cash Accounts receivable Inventory Plant and equipment, net Investment in Buisson, S.A. Land (undeveloped) Total assets Liabilities and Stockholders' Equity Accounts payable Long-term debt Stockholders' equity Total liabilities and stockholders' equity $ 137,000 336,000 569,000 878,000 398,000 252,000 $ 2,562,000 $ 126,000 488,000 486,000 860, eee 434,000 249,000 $ 2,643,000 $ 386,000 1,025,000 1,151,000 $2,562,000 $ 335,000 1,025,000 1,283,000 $ 2,643, 088 Joel de Paris, Inc. Income Statement Sales Operating expenses Net operating income Interest and taxes: Interest expense $ 120,000 Tax expense 195,000 Net income $ 4,656,000 4,050, 720 605,280 315,000 290, 280 S The company paid dividends of $158,280 last year. The "Investment in Buisson, S.A." on the balance sheet represents an investment in the stock of another company. The company's minimum required rate of return of 15%. Required: 1. Compute the company's average operating assets for last year. 2. Compute the company's margin, turnover, and return on investment (ROI) for last year. (Do not round intermediate calculations and round your final answers to 2 decimal places.) 3. What was the company's residual income last year? 1. 2 % Average operating assets Margin Turnover ROI Residual income 3

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!