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due in an hour , please help Financial data for Joel de Pans, Inc., for last year follow: Joel de Paris, Inc. Balance Sheet Ending
due in an hour , please help
Financial data for Joel de Pans, Inc., for last year follow: Joel de Paris, Inc. Balance Sheet Ending Balance 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-ter debt Stockholders' equity Total liabilities and stockholders' equity Beginning Balance $ 138,000 343,000 567,000 842,000 398,000 250,000 $ 2,538,000 $ 129,000 481,000 473,880 847,00 433,000 248,000 $ 2,611,000 $ 384,000 972,000 1,182,000 $ 2,538,000 $ 335,000 972,000 1,384,000 $ 2,611,000 Joel de Paris, Inc. Income Statement Sales Operating expenses Net operating income Interest and taxes: Interest expense $ 126,000 Tax expense 193,000 Net income $ 4,011,000 3,289,020 721,980 319,000 $ 402,980 The company paid dividends of $280.980 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, Joel de Paris, Inc. Income Statement Sales Operating expenses Net operating income Interest and taxes Interest expense $ 126,000 Tax expense 193,000 Net income $ 4,011,000 3,289,020 721,980 319.000 402,980 $ The company paid dividends of $280,980 last year. The "Investment in Buisson, SA,' 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? $ 163,000 1 2 % Average operating assets Margin Turnover ROI 3 Residual income Step by Step Solution
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