Dont uplode image in answer 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 mround 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%% Financial data for Joel de Paris, Incorporated, for last year follow:Joel de Paris, IncorporatedBalance SheetAssetsCashAccounts receivable.InventoryPlant and equipment, netInvestment in Buisson, S.A.Land (undeveloped)Total assetsLiabilities and Stockholders' EquityAccounts payable.Long-term debtStockholders' equityTotal liabilities and stockholders' equityJoel de Paris, IncorporatedIncome StatementSalesOperating expensesNet operating incomeInterest and taxes:Interest expenseTax expenseNet income113,000204,000$ 4,850,0004,219,500630,500317,000$ 313,500BeginningBalance$ 137,000337,000564,000882,000409,000248,000$ 2,577,000Ending Balance$ 132,000481,000483,000864,000429,000251,000$ 2,640,000$ 381,000986,0001,210,000$ 2,577,000 $ 2,640,000$ 350,000986,0001,304,000The company paid dividends of $219,500 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 year.2. 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?

Margin :— It is the ratio between net operating income and sales revenue. Turnover :— It is the…

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. (Dom round your final answers to 2 decimal places.) 3. What was the company's residual income last year? 1. Average operating assets 2. Margin 2. Turnover 2. ROI 3. Residual income % %

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. (Dom round your final answers to 2 decimal places.) 3. What was the company's residual income last year? 1. Average operating assets 2. Margin 2. Turnover 2. ROI 3. Residual income % %

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 20BEA: The income statement, statement of retained earnings, and balance sheet for Somerville Company are...

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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 Interest and taxes: Interest expense Tax expense Net income $ 150,000 110,000 Beginning Balance $ 140,000 450,000 $ 120,000 530,000 320,000 380,000 680,000 620,000 280,000 250,000 180,000 170,000 $ 2,020,000 $ 2,100,000 $ 360,000 1,500,000 160,000 $ 2,020,000 $ 4,050,000 3,645,000 405,000 260,000 $ 145,000 Ending Balance $ 310,000 1,500,000 290,000 $ 2,100,000 The company paid dividends of $15,000 last year. The “Investment in Buisson, S.A.," on the balance sheet represents an investment in the stock of another company. The…
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 Interest and taxes: Interest expense Tax expense Net income $ 113,000 192,000 $ 4,268,000 3,627,800 640, 200 305,000 $ 335,200 Beginning Balance $ 140,000 340,000 580,000 860,000 397,000 255,000 $ 2,572,000 Ending Balance $ 140,000 474,000 474,000 872,000 435,000 245,000 $ 2,640,000 $ 346,000 $ 372,000 990,000 1,210,000 990,000 1,304,000 $ 2,572,000 $ 2,640,000 The company paid dividends of $241,200 last year. The "Investment in Buisson, S.A.," on the balance sheet represents an investment in the stock of another company. The…
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 Interest and taxes: Interest expense Tax expense Net income $ 113,000 191,000 $ 4,180,000 3,636,600 543,400 1. Average operating assets 2. Margin 2. Turnover 2. ROI 3. Residual income 304,000 $ 239,400 Beginning Balance % $ 139,000 345,000 578,000 818,000 395,000 246,000 $ 2,521,000 % $ 384,000 1,034,000 1,103,000 $ 2,521,000 The company paid dividends of $114,400 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…
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 Interest and taxes: Interest expense Tax expense Net income $ 115,000 191,000 1. Average operating assets 2. Margin 2. Turnover 2. ROI 3. Residual income Beginning Balance $ 125,000 347,000 579,000 799,000 407,000 251,000 $ 2,508,000 $ 5,049,000 4,291,650 757,350 $385,000 967,000 1,156,000 $ 2,508,000 306,000 $ 451,350 % % Ending Balance $ 137,000 484,000 489,000 780,000 The company paid dividends of $347,350 last year. The "Investment in Buisson, S.A.," on the balance sheet represents an investment in the stock of another company.…
Financial statements for Rundle Company follow. Assets Current assets Cash Marketable securities Accounts receivable (net) Inventories Prepaid items Total current assets Investments Plant (net) Land Total assets Liabilities and Stockholders' Equity Liabilities Current liabilities Notes payable Accounts payable Salaries payable Total current liabilities Noncurrent liabilities Bonds payable Other Total noncurrent liabilities. Total liabilities Stockholders' equity. Preferred stock, (par value $10, 4% cumulative, non-participating; 7,000 shares authorized and issued) Common stock (no par; 50,000 shares authorized; 10,000 shares issued) Retained earnings Total stockholders' equity Total liabilities and stockholders' equity Revenues Sales (net) Other revenues RUNDLE COMPANY Statements of Income and Retained Earnings For the Years Ended December 31 Total revenues Expenses Cost of goods sold RUNDLE COMPANY Balance Sheets As of December 31 Selling, general, and administrative Interest expense…
Financial statements for Allendale Company follow: Assets Current assets Cash Marketable securities Accounts receivable (net) Inventories Prepaid items Total current assets. Investments Plant (net) Land Total assets Liabilities and Stockholders' Equity Liabilities Current liabilities Notes payable Accounts payable Salaries payable Total current liabilities Noncurrent liabilities Bonds payable Other Total noncurrent liabilities Total liabilities Stockholders' equity Preferred stock, (par value $10, 4% cumulative, non-participating; 8,000 shares authorized and issued) Common stock (no par; 50,000 shares authorized; 10,000 shares issued) Retained earnings. Total stockholders' equity Total liabilities and stockholders' equity ALLENDALE COMPANY Statements of Income and Retained Earnings. For the Years Ended December 31 Year 4 Year 3 Revenues $230,000 8,000 $210,000 5,000 238,000 215,000 120,000 103,000 55,000 50,000 8,000 7,200 23,000 22,000 206,000 182,200 32,000 32,800 132,000 107,000…
The following information is provided concerning the accounts of Jazzy Ltd .You are asked to identify how each of these items is shown in the financial statements. (a) gain on revaluation of available-for-sale investments (b) dividends paid during the year (c) revaluation gain on building (not reversing any previous revaluation) (d) transfer to dividend equalisation reserve (e) Unsecured notes issued
The income statement, statement of retained earnings, and balance sheet for Santiago Systems are as follows: Includes both state and federal taxes. Refer to the information for Santiago Systems above. Required: Note: Round answers to four decimal places. 1. Calculate the average common stockholders equity. 2. Calculate the return on stockholders equity.
The income statement, statement of retained earnings, and balance sheet for Somerville Company are as follows: Includes both state and federal taxes. Brief Exercise 15-20 Calculating the Average Common Stockholders Equity and the Return on Stockholders Equity Refer to the information for Somerville Company on the previous pages. Required: Note: Round answers to four decimal places. 1. Calculate the average common stockholders equity. 2. Calculate the return on stockholders equity.
Financial data for Joel de Paris, Incorporated, for last year follow: Joel de Paris, Incorporated Balance Sheet Beginning Balance Ending Balance Assets Cash Accounts receivable Plant and equipment, net Inventory 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 $ 131,000 346,000 568,000 815,000 396,000 250,000 $ 374,000 993,000 1,139,000 $ 2,506,000 $ 129,000 471,000 470,000 830,000 430,000 246,000 $ 2,576,000 $ 336,000 993,000 1,247,000 $ 2,576,000 $ 2,506,000 Joel de Paris, Incorporated Income Statement Sales Operating expenses Interest and taxes: Net operating income Interest expense Tax expense Net income $ 116,000 199,000 4,324,000 3,761,880 562,120 315,000 $ 247,120 The company paid dividends of $139,120 last year. The "Investment in Buisson, S.A.," on the balance sheet represents an Investment in the stock of another company. The…
Finding operating and free cash flows Consider the balance sheets and selected data from the income statement of Keith Corporation that follow a. Calculate the firm's net operating profit after taxes (NOPAT) for this year. b. Calculate the firm's operating cash flow (OCF) for the year. c. Calculate the firm's free cash flow (FCF) for the year. d. Interpret, compare and contrast your cash flow estimate in parts (b) and (c). a. The net operating profit after taxes is $ (Round to the nearest dollar.)
Presented below are the captions of Faulk Company’s balance sheet. Indicate where each of the following items would be classified. Balance Sheet Accounts Balance Sheet Classification 1. Preferred stock. 2. Goodwill. 3. Salaries and wages payable 4. Accounts payable. 5. Buildings. 6. Equity investments (to be sold within one year). 7. Current maturity of long-term debt. 8. Premium on bonds payable. 9. Allowance for doubtful accounts. 10. Accounts receivable. 11. Cash surrender value of life insurance. 12. Notes payable (due next year). 13. Supplies. 14. Common stock. 15. Land. 16. Bond sinking fund. 17. Inventory. 18. Prepaid insurance. 19. Bonds payable. 20. Income taxes payable.