Please do not give solution in image format thanku Financial data for Joel de Paris, Incorporated, for last year follow:Joel de Paris, IncorporatedBalance SheetAssetsCashAccounts receivableInventoryPlant and equipment, netInvestment in Buisson, S.A.Land (undeveloped)Total assetsLiabilities and Stockholders' EquityAccounts payableLong-term debtStockholders' equityJoel de Paris, IncorporatedIncome StatementSalesOperating expensesNet operating incomeInterest and taxes:Interest expenseTax expenseBeginningBalance$ 130,000210,000$ 133,000340,000563,000834,000409,000$2,000$ 2,531,000$ 371,000$ 342,000959,000959,0001,201,0001,288,000Total liabilities and stockholders' equity $ 2,531,000 $ 2,589,000$ 3,780,0003,250,800529, 200EndingBalance340,000$ 126,000481,000488,000815,000426,000253,000$ 2,589,000 Interest and taxes:Interest expenseTax expenseNet income$ 130,000210,0001. Average operating assets2. Margin2. Turnover2. ROI3. Residual income340,000$ 189, 200The company paid dividends of $102,200 last year. The "Investment in Buisson, S.A.," on the balance sheet represents aninvestment in the stock of another company. The company's minimum required rate of return 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.Note: Round "Margin", "Turnover" and "ROI" to 2 decimal places.3. What was the company's residual income last year?%%

Margin is calculated by dividing net operating income by average operating assets.

Interest and taxes: Interest expense Tax expense Net income $ 130,000 210,000 1. Average operating assets 2. Margin 2. Turnover 2. ROI 3. Residual income 340,000 $ 189, 200 The company paid dividends of $102,200 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 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. Note: Round "Margin", "Turnover" and "ROI" to 2 decimal places. 3. What was the company's residual income last year? % %

Interest and taxes: Interest expense Tax expense Net income $ 130,000 210,000 1. Average operating assets 2. Margin 2. Turnover 2. ROI 3. Residual income 340,000 $ 189, 200 The company paid dividends of $102,200 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 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. Note: Round "Margin", "Turnover" and "ROI" to 2 decimal places. 3. What was the company's residual income last year? % %

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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