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Financial data for Joel de Paris inc. for last year follow 1 1 DE PAGE 10 Assets Cash 120.000.000 Accounts receivable 590,000 350.000 Inventory Pantundent.net
Financial data for Joel de Paris inc. for last year follow 1 1 DE PAGE 10 Assets Cash 120.000.000 Accounts receivable 590,000 350.000 Inventory Pantundent.net 130,000 320,000 20, 5800 Investment in Blues SA 200.000 350,000 Lund (undevelope) 170.000 The Total assets 5 2.100,00 $ 2,020,000 Liabilities and Shareholders' Equity Accountable $ 119,00 1 300,000 Long-tere det 1.500.000 1,500,000 Sharchilders' equity 290,00 160.000 Total abilities and shareholders equity $2,100,000 $ 2.920,000 TOEL DE PARTS INC 34,650,000 1.65.000 05.000 Less Operating expenses Net Operating income Less Interest and taxes Interest expense 1150,000 110, 20.00 145,000 Not incon The company pad vidends of $15.000 last year. The testen SA'nce sheepesents an invest in the shares of another company Required: 1. Compute the company's margin shovet and for last year. (Do not round Intermediate calculations. Round "Turnoverane to 1 decimal place) 10 po M M 2. The board of directors of Joel de Paris esset ammum required return of 15% What was the company's staal income last year
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