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-tere debt Stockholders' equity Total liabilities and stockholders' equity $ 128,000 340,000 574, eee 868,000 409,000 255, eee $ 2,574, eee $ 139.000 473, eae 487,00 851,000 431,00 250,00 $ 2,631,000 $375, eee 1,038, eee 1.161.000 $ 2,574,000 $ 346,00 1,038,00 1, 247.000 $ 2,631,000 Joel de Paris, Inc. Income Statement Sales Operating expenses Net operating income Interest and taxes: Interest expense $ 127,000 Tax expense 198, Net Income $ 5,018, eee 4, 265, 3ee 752,700 325.de 427,700 The company paid dividends of $341700 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? Long-term debt Stockholders equity Total liabilities and stockholders equity 1,038,000 1,161 $ 2,574,000 1,838,000 1 242 de $ 2,631, eee Joel de Paris, Inc. Income Statement Sales Doerating expenses Net operating income Interest and taxes: Interest expense $ 127,000 Tax expense 198eee Net incon $ 5,018,000 4 265,300 752,700 325 eee 427,700 $ The company paid dividends of $341,700 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 "ROT" to 2 decimal places.) 3. What was the company's residual income last year? 1 2 Average operating assets Margin- Tumover ROI Residual income 13. 12 Homework problems Delta Company produces a single product. The cost of producing and selling a single unit of this product at the company's normal activity level of 99,600 units per year is: Direct materials Direct labor Variable manufacturing overhead Fixed manufacturing overhead Variable selling and administrative expenses Fixed selling and administrative expenses $ 2.20 $ 3.ee $0.70 $ 3.35 $ 2.10 5 2.ee ences The normal selling price is $22.00 per unit. The company's capacity is 130,800 units per year. An order has been received from a mail- order house for 2.600 units at a special price of $19.00 per unit. This order would not affect regular sales or the company's total fixed costs Required: 1. What is the financial advantage (disadvantage) of accepting the special order? 2. As a separate matter from the special order, assume the company's inventory includes 1000 units of this product that were produced last year and that are inferior to the current model. The units must be sold through regular channels at reduced prices. The company does not expect the selling of these inferior units to have any effect on the sales of its current model. What unit cost is relevant for establishing a minimum selling price for these units? Complete this question by entering your answers in the tabs below. Required 1 Required 2 What is the financial advantage (disadvantage) of accepting the special order? Required 2 > 1 Delta Company produces a single product. The cost of producing and selling a single unit of this product at the company's normal activity level of 99.600 units per year is: Direct materials Direct labor Variable manufacturing overhead Fixed manufacturing overhead Variable selling and administrative expenses Fixed selling and administrative expenses 5 2.20 $2.00 58.78 $3.35 $ 2.10 52.00 BOOK Print The normal selling price is $2200 per unit. The company's capacity is 130,800 units per year. An order has been received from a mail- order house for 2.600 units at a special price of $19.00 per unit. This order would not affect regular sales or the company's total fixed costs erences Required: 1. What is the financial advantage (disadvantage) of accepting the special order? 2. As a separate matter from the special order, assume the company's inventory includes 1000 units of this product that were produced last year and that are inferior to the current model. The units must be sold through regular channels at reduced prices. The company does not expect the selling of these inferior units to have any effect on the sales of its current model What unit cost is relevant for establishing a minimum selling price for these units? Complete this question by entering your answers in the tabs below. Required 1 Required 2 As a separate matter from the special order assume the company's inventory includes 1,000 units of this product that were produced last year and that are inferior to the current model. The units must be sold through regular channels at reduced prices. The company does not expect the selling of these inferior units to have any effect on the sales of its current model What unit cost is relevant for establishing a minimum selling price for these units? (Round your answer to 2 decimal places.) Show less Relevant dot per unit