Question: solve these two please Exercise 11-9 (Algo) Return on Investment (ROI) and Residual Income Relations (LO11-1, LO11-2] A family friend has asked your help in
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Exercise 11-9 (Algo) Return on Investment (ROI) and Residual Income Relations (LO11-1, LO11-2] A family friend has asked your help in analyzing the operations of three anonymous companies operating in the same service sector industry. Supply the missing data in the table below: (Loss amounts should be indicated by a minus sign. Round your percentage answers to nearest whole percent and other amounts to whole dollars.) A 330,000 - Company B 840,000 36,000 690,000 $ $ $ $ $ $ 163.000 23 % 144.000 % 17% Sales Net operating income Average operating assets Return on investment (ROI) Minimum required rate of return Percentage Dollar amount Residual income % 16% 9 % $ 49,000 $ 7,000 Financial data for Joel de Parls, 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 abilities and stockholders' equity $ 138,000 343,000 567,000 842,000 398,000 250,000 $ 2,538,000 $ 129,000 481,000 473,000 847,000 433,000 248,000 $2,611,000 $ 384,000 972,000 1,182,000 $ 2,538,000 $ 335,000 972,000 1, 304,000 $ 2,611,000 Joel de Paris, Inc. Income Statement Sales Operating expenses Net operating income Interest and taxes: Interest expense $ 126,000 Tax expense 193,000 Net income $4,011,880 3,289,020 721,980 319,000 $ 402,980 The company paid dividends of $280,980 last year. The "Investment in Bulsson, 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.
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