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Financial data for Joel de Paris, Inc, for last year follow Joel de Paris, Inc. Balance Sheet Ending Balance Beginning $ 135,000 136,000 472,800 481,000
Financial data for Joel de Paris, Inc, for last year follow Joel de Paris, Inc. Balance Sheet Ending Balance Beginning $ 135,000 136,000 472,800 481,000 831,000 427,e00 54,000 $2,529,000 $ 2,601,000 Accounts receivable 338,000 578,000 829,000 397,000 Plant and equipment, net Investment in Buisson, S.A. 9 Land (undeveloped) Total assets Liabilities and Stockholders' Equity Accounts payable Long-term debt Stockholders' equity Total liabilities and stockholders equity $ 377,000$344,000 967,000 1,185,0001,290,800 2,529,000 2,601,0e0 967,090 nc. 4,370,e00 3,627,100 742 Sales Net operating income Interest and taxes: Interest expense 199,080 The company paid dividends of $316.900 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%. 1. Compute the company's average operating assets for last year 2 Compute the companv's marain. turnover. and return on investment (ROn for last vear. (Round "Marain" "Turnover" and "RoI to 2 ?Prey 12 of 17 Next> here to search
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