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Fill in information in chart Financial data for Joel de Paris, Inc., for last year follow: Joel de Paris, Inc. Balance Sheet Beginning Balance Ending
Fill in information in chart Financial data for Joel de Paris, Inc., for last year follow: Joel de Paris, Inc. Balance Sheet Beginning Balance 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-term debt Stockholders' equity Total liabilities and stockholders' equity $ 126,000 344,000 573,ee 867, eee 392, eee 249, eee $ 2,551,000 $ 137,000 487, eee 475,000 851, 432,000 254,000 $ 2,636,000 $ 379 , 985 , 1,187, eee $ 2,551,000 $ 343,000 985 , 1,38 , $ 2,636 , Check my work Joel de Paris, Inc. Income Statement Sales Operating expenses Net operating income Interest and taxes: Interest expense $ 112, eee Tax expense 197,000 Net income $ 4,053,000 3,323,460 729, 540 309,000 420,540 $ The company paid dividends of $299,540 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. (Do not round Intermediate calculations and round your final answers to 2 decimal places.) 3. What was the company's residual income last year? 1 Average operating assets 120 PM 1114/902 67F C 8 The company paid dividends of $299,540 last year. The "Investment in Bulsson, 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. (Do not round Intermediate calculations and round your final answers to 2 decimal places.) 3. What was the company's residual income last year? 1 13 2 Average operating assets Margin Turnover ROI Residual income 3
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