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ww ances 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 $ 122,000 205,000 $4,200,000 3,627,800 640,200 327,000 $ 313,200 Beginning Balance $ 138,000 342,000 570,000 870,000 410,000 246,000 $ 2,576,000 $ 373,000 987,000 1,216,000 $ 338,000 987,000 1,311,000 $ 2,576,000 $ 2,636,000 Ending Balance $ 137,000 474,000 487,000 862,000 429,000 247,000 $ 2,636,000 The company paid dividends of $218,200 last year. The "Investment in Buisson, S.A.," on the balance sheet represents an in 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. (Do not round intermediate calcul round your final answers to 2 decimal places) 3. What was the company's residual income last year? < Prev 3 d Next >

ww ances 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 $ 122,000 205,000 $4,200,000 3,627,800 640,200 327,000 $ 313,200 Beginning Balance $ 138,000 342,000 570,000 870,000 410,000 246,000 $ 2,576,000 $ 373,000 987,000 1,216,000 $ 338,000 987,000 1,311,000 $ 2,576,000 $ 2,636,000 Ending Balance $ 137,000 474,000 487,000 862,000 429,000 247,000 $ 2,636,000 The company paid dividends of $218,200 last year. The "Investment in Buisson, S.A.," on the balance sheet represents an in 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. (Do not round intermediate calcul round your final answers to 2 decimal places) 3. What was the company's residual income last year? < Prev 3 d Next >

FINANCIAL ACCOUNTING
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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10 Problems ed Ok • wm ances 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 NO Sales Operating expenses Net operating income Interest and taxes: Interest expense Tax expense Net Income $ 122,000 205,000 #3 $ 4,260,000 3,627,000 640,200 327,000 $ 313,200 4 *5 eztomheducation.com Beginning Balance % $ 138,000 342,000 570,000 870,000 410,000 246,000 $ 2,576,000 The company paid dividends of $218,200 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 of 15% Send 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? < Prev $ 373,000 987,000 1,216,000 $ 2,576,000 $ 2,636,000 Q Search or enter website name < 6 Ending Balance $ 137,000 474,000 487,000 862,000 6 429,000 247,000 $ 2,635,000 $ 338,000 987,000 1,311,000 3 of 4 & 7 Next > 8 G ( 9 Help
Transcribed Image Text:10 Problems ed Ok • wm ances 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 NO Sales Operating expenses Net operating income Interest and taxes: Interest expense Tax expense Net Income $ 122,000 205,000 #3 $ 4,260,000 3,627,000 640,200 327,000 $ 313,200 4 *5 eztomheducation.com Beginning Balance % $ 138,000 342,000 570,000 870,000 410,000 246,000 $ 2,576,000 The company paid dividends of $218,200 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 of 15% Send 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? < Prev $ 373,000 987,000 1,216,000 $ 2,576,000 $ 2,636,000 Q Search or enter website name < 6 Ending Balance $ 137,000 474,000 487,000 862,000 6 429,000 247,000 $ 2,635,000 $ 338,000 987,000 1,311,000 3 of 4 & 7 Next > 8 G ( 9 Help
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