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Financial data for Joel de Paris, Incorporated, for last year follow: Joel de Paris, Incorporated Balance Sheet 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 Joel de Paris, Incorporated Income Statement Sales Operating expenses Net operating income i Interest and taxes: Interest expense Tax expense Net income $ 129,000 199,000 Beginning Balance 392,000 246,000 $ 2,528,000 $ 139,000 339,000 576,000 836,000 $ 386,000 976,000 1,166,000 $ 2,528,000 $ 3,820,000 3,247,000 573,000 328,000 $ 245,000 Ending Balance $ 129,000 475,000 476,000 850,000 435,000 249,000 $2,614,000 $ 338,000 976,000 1,300,000 $ 2,614,000 The company paid dividends of $111,000 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) Ar last year. (Round "Margin", "Turnover" and "ROI" to 2 decimal places.) 3. What was the company's residual income last year? Check a

Financial data for Joel de Paris, Incorporated, for last year follow: Joel de Paris, Incorporated Balance Sheet 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 Joel de Paris, Incorporated Income Statement Sales Operating expenses Net operating income i Interest and taxes: Interest expense Tax expense Net income $ 129,000 199,000 Beginning Balance 392,000 246,000 $ 2,528,000 $ 139,000 339,000 576,000 836,000 $ 386,000 976,000 1,166,000 $ 2,528,000 $ 3,820,000 3,247,000 573,000 328,000 $ 245,000 Ending Balance $ 129,000 475,000 476,000 850,000 435,000 249,000 $2,614,000 $ 338,000 976,000 1,300,000 $ 2,614,000 The company paid dividends of $111,000 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) Ar last year. (Round "Margin", "Turnover" and "ROI" to 2 decimal places.) 3. What was the company's residual income last year? Check a

Managerial Accounting: The Cornerstone of Business Decision-Making
Managerial Accounting: The Cornerstone of Business Decision-Making
7th Edition
ISBN:9781337115773
Author:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger
Publisher:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger
Chapter15: Financial Statement Analysis
Section: Chapter Questions
Problem 33BEB: The income statement, statement of retained earnings, and balance sheet for Santiago Systems are as...
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Joel de Paris, Incorporated Income Statement Sales Operating expenses Net operating income Interest and taxes: Interest expense Tax expense Net income $ 129,000 199,000 $ 3,820,000 3,247,000 573,000 1. Average operating assets 2. Margin 2. Turnover 2. ROI 3. Residual income 328,000 $ 245,000 The company paid dividends of $111,000 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. (Round "Margin", "Turnover" and "ROI" to 2 decimal places.) 3. What was the company's residual income last year? % %
Transcribed Image Text:Joel de Paris, Incorporated Income Statement Sales Operating expenses Net operating income Interest and taxes: Interest expense Tax expense Net income $ 129,000 199,000 $ 3,820,000 3,247,000 573,000 1. Average operating assets 2. Margin 2. Turnover 2. ROI 3. Residual income 328,000 $ 245,000 The company paid dividends of $111,000 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. (Round "Margin", "Turnover" and "ROI" to 2 decimal places.) 3. What was the company's residual income last year? % %
Financial data for Joel de Paris, Incorporated, for last year follow: Joel de Paris, Incorporated Balance Sheet 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 Joel de Paris, Incorporated Income Statement Sales Operating expenses. Net operating income Interest and taxes: Interest expense Tax expense Net income Beginning Balance $ 386,000 976,000 1,166,000 Total liabilities and stockholders' equity $ 2,528,000 $ 129,000 199,000 392,000 246,000 $ 2,528,000 $ 139,000 339,000 576,000 836,000 $ 3,820,000 3,247,000 573,000 328,000 $ 245,000 Ending Balance $ 129,000 475,000 476,000 850,000 435,000 249,000 $2,614,000 $ 338,000 976,000 1,300,000 $ 2,614,000 The company paid dividends of $111,000 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) Ar last year. (Round "Margin", "Turnover" and "ROI" to 2 decimal places.) 3. What was the company's residual income last year? Check
Transcribed Image Text:Financial data for Joel de Paris, Incorporated, for last year follow: Joel de Paris, Incorporated Balance Sheet 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 Joel de Paris, Incorporated Income Statement Sales Operating expenses. Net operating income Interest and taxes: Interest expense Tax expense Net income Beginning Balance $ 386,000 976,000 1,166,000 Total liabilities and stockholders' equity $ 2,528,000 $ 129,000 199,000 392,000 246,000 $ 2,528,000 $ 139,000 339,000 576,000 836,000 $ 3,820,000 3,247,000 573,000 328,000 $ 245,000 Ending Balance $ 129,000 475,000 476,000 850,000 435,000 249,000 $2,614,000 $ 338,000 976,000 1,300,000 $ 2,614,000 The company paid dividends of $111,000 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) Ar last year. (Round "Margin", "Turnover" and "ROI" to 2 decimal places.) 3. What was the company's residual income last year? Check
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