Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Financial data for Joel de Paris, Incorporated, for last year follow: Joel de Paris, Incorporated Balance Sheet Beginning Balance Ending Balance 3:19:29 Assets Cash
Financial data for Joel de Paris, Incorporated, for last year follow: Joel de Paris, Incorporated Balance Sheet Beginning Balance Ending Balance 3:19:29 Assets Cash Accounts receivable Inventory Plant and equipment, net Land (undeveloped) bok nt Investment in Buisson, S.A. Total assets Liabilities and Stockholders' Equity. Accounts payable Long-term debt Stockholders' equity Total liabilities and stockholders' equity $ 136,000 331,000 $ 135,000 482,000 567,000 866,000 408,000 253,000 $ 2,561,000 $ 381,000 1,009,000 1,171,000 484,000 839,000 425,000 250,000 $ 2,615,000 $ 339,000 1,009,000 1,267,000 $ 2,561,000 $ 2,615,000 ences Joel de Paris, Incorporated Income Statement Sales Operating expenses Interest and taxes: Net operating income Interest expense Tax expense Net income $ 4,800,000 3,936,000 864,000 $ 112,000 193,000 305,000 $ 559,000 The company paid dividends of $463,000 last year. The "Investment in Buisson, S.A.," on the bala 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" decimal nlaces)
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started