Financial data for Joel de Paris, Incorporated, for last year follow: The company paid dividends of $183,760 last year.
Posted: Thu May 19, 2022 11:39 am
Financial data for Joel de Paris, Incorporated, for last year
follow:
The company paid dividends of $183,760 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?
follow:
The company paid dividends of $183,760 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?