- Financial Data For Joel De Paris Inc For Last Year Follow Joel De Paris Inc Balance Sheet Assets Cash Accounts Rec 1 (164.21 KiB) Viewed 11 times
Financial data for Joel de Paris, Inc., for last year follow: Joel de Paris, Inc. 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, Inc. Income
Statement Sales Operating expenses Net operating income Interest and taxes: Interest expense Tax expense Net income $ 112,000 205,000 $ 4,992,000 4,193,280 798,720 $ 317,000 481,720 Beginning Balance $ 130,000 343,000 574,000 853,000 403,000 251,000 $ 2,554,000 $ Ending Balance 134,000 480,000 482,000 844,000 435,000 254,000 $ 2,629,000 $ 378,000 $ 341,000 997,000 1,179,000 997,000 1,291,000 $ 2,629,000 $ 2,554,000
The
company paid dividends of $369,720 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?