Please do not give solution in image format thanku AssetsCashAccounts receivableInventoryPlant and equipment, netInvestment in Buisson, S.A.Land (undeveloped)Total assetsLiabilities and Stockholders' EquityAccounts payableLong-term debtStockholders equityTotal liabilities and stockholders' equityJoel de Paris, IncorporatedBalance SheetSalesOperating expensesNet operating incomeInterest and taxes:Interest expenseTex expenseNet IncomeJoel de Paris, IncorporatedIncome Statement$ 128,000209,000$ 4,440,0003,862,800577.200337,000$ 240,200BeginningBalance$ 139,000344,000567,000780,000390,000247,000$ 2,467,000$ 374,0001,045,0001,048,000.$ 2,467,000Ending Balance$ 133,000471,000475,000791,000429,000247,000$ 2,546,000$ 340,0001,045,0001,161,000$ 2,546,000 The company paid dividends of $127,200 last year. The "Investment in Buisson, S.A. on the balance sheet represents an investmentin 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 year2. Compute the company's margin, turnover, and return on investment (ROI) for last year (Do not round intermediate calculations andround your final answers to 2 decimal places.)3. What was the company's residual income last year?1 Average operating assets2. Margin2 Turnover2 ROI3 Residual income

Average operating assets can be used in conjunction with other financial metrics, such as return on…

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?

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?

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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