Financial data for Joel de Paris, Inc., for last year follow:Joel de Paris, Inc.Balance SheetBeginningEndingBalanceBalanceAssets140,000333,000569,000858,000394,000Cash$$128,000488,000486,000838,000434,000Accounts receivableInventoryPlant and equipment, netInvestment in Buisson, S.A.Land (undeveloped)255,000$ 2,549,000250,000$ 2,624,000Total assetsLiabilities and Stockholders' EquityAccounts payableLong-term debtStockholders' equity$377,000$340,000974,000974,0001,198,000$ 2,549,0001,310,000Total liabilities and stockholders' equity$ 2,624,000Joel de Paris, Inc.Income Statement$ 4,608,0003,778,560829,440SalesOperating expensesNet operating incomeInterest and taxes:Interest expense$ 116,000194,000Тах еxpense310,000Net income$519,440 The company paid dividends of $407,440 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. (Round "Margin", "Turnover" and "ROI" to 2decimal places.)3. What was the company's residual income last year?1.Average operating assets$2.Margin0.00 %TurnoverROI0.00 %3.Residual income$

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Description: Financial data for Joel de Paris, Inc., for last year follow:Joel de Paris, Inc.Balance SheetBeginningEndingBalanceBalanceAssets140,000333,000569,000858,000394,000Cash$$128,000488,000486,000838,000434,000Accounts receivableInventoryPlant and equipme

Ratio analysis The financial statement of a company are analyzed in order to find profitability,…

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Accounting

The company paid dividends of $407,440 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? 1. Average operating assets $ 2. Margin 0.00 % Turnover ROI 0.00 % 3. Residual income $

The company paid dividends of $407,440 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? 1. Average operating assets $ 2. Margin 0.00 % Turnover ROI 0.00 % 3. Residual income $

Managerial Accounting

15th Edition

ISBN:9781337912020

Author:Carl Warren, Ph.d. Cma William B. Tayler

Publisher:Carl Warren, Ph.d. Cma William B. Tayler

Chapter16: Financial Statement Analysis

Section: Chapter Questions

Problem 4PB

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