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Financial data for Joel de Paris, Incorporated, for last year follow: Joel de Paris, Incorporated Balance Sheet Assets Cash Accounts receivable Inventory Plant and
Financial data for Joel de Paris, Incorporated, for last year follow: Joel de Paris, Incorporated Balance Sheet Assets Cash Accounts receivable Inventory Plant and equipment, net Beginning Balance $132,000 337,000 560,000 Ending Balance $ 126,000 485,000 475,000 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 Joel de Paris, Incorporated Income Statement 801,000 401,000 251,000 $ 2,482,000 $ 372,000 1,022,000 1,088,000 784,000 428,000 255,000 $ 2,553,000 $ 334,000 1,022,000 1,197,000 $ 2,482,000 $ 2,553,000 Sales Operating expenses $ 4,255,000 3,659,300 Net operating income 595,700 Interest and taxes: $ 122,000 199,000 321,000 $ 274,700 Interest expense Tax expense Net income The company paid dividends of $165,700 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 "ROI" to 2 decimal nlaroe I Prev 3 of 4 Next >
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