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Financial data for Joel de Paris, Inc., for last year follow: Joel de Paris, Inc. Balance Sheet Beginning Balance Ending Balance Assets Cash $ 137,000
Financial data for Joel de Paris, Inc., for last year follow: |
Joel de Paris, Inc. Balance Sheet | ||||
Beginning Balance | Ending Balance | |||
Assets | ||||
Cash | $ | 137,000 | $ | 128,000 |
Accounts receivable | 342,000 | 484,000 | ||
Inventory | 562,000 | 481,000 | ||
Plant and equipment, net | 789,000 | 777,000 | ||
Investment in Buisson, S.A. | 406,000 | 430,000 | ||
Land (undeveloped) | 253,000 | 245,000 | ||
Total assets | $ | 2,489,000 | $ | 2,545,000 |
Liabilities and Stockholders' Equity | ||||
Accounts payable | $ | 370,000 | $ | 350,000 |
Long-term debt | 1,019,000 | 1,019,000 | ||
Stockholders' equity | 1,100,000 | 1,176,000 | ||
Total liabilities and stockholders' equity | $ | 2,489,000 | $ | 2,545,000 |
Joel de Paris, Inc. Income Statement | |||
Sales | $ | 4,255,000 | |
Operating expenses | 3,574,200 | ||
Net operating income | 680,800 | ||
Interest and taxes: | |||
Interest expense | $ 113,000 | ||
Tax expense | 209,000 | 322,000 | |
Net income | $ | 358,800 | |
The company paid dividends of $282,800 last year. The Investment in Buisson, S.A., on the balance sheet represents an investment in the stock of another company. |
Required: | ||||||||||||||||||
1. | Compute the companys margin, turnover, and return on investment (ROI) for last year. (Round your answers to 2 decimal places.)
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