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Financial data for Joel de Paris, Incorporated, for last year follow last year. Flnanclal data for Joel de Paris, Incorporated, tor last year follow: Joel
Financial data for Joel de Paris, Incorporated, for last year follow last year.
Flnanclal data for Joel de Paris, Incorporated, tor last year follow: Joel de Paris, Incorporated Balance Sheet 333, aee 471 , aee 571, aee 475 , gee 858, oe 866 , aee , aee 427 , 252, aee 249 , aee 342 , aee 965, oe 965, aee 233, aee Assets Cash Accounts receivable Invento ry Plant and equipment, net Investment in Buisson, S.A. Land (undeveloped) Total assets Liabilities and Stockholders ' Accounts payable Long-term debt Stockholders' equity Equity Beginning Balance S 138,aee S 384, aee Ending Balance S 128,aee 1,309, aee Total liabilities and stockholders' equity Joel de Paris, Incorporated Income Statement Sales Operating expenses Net operating income Interest and taxes: Interest expense Tax expense Net income S 116,aee 648 , 319, ee s 329,960 The company pald dividends of S23Z960 last year. The "Investment In Buisson, S.A.," on the balance sheet represents an Investment In the stock ot another company. The company's mlnlmum requlred rate ot return 15%. Required: 1. Compute the company's average operating assets for last year. 2 Compute the company's margln, turnover, and return on Investment (ROI) tor last year. Note: Round "Margln", "Turnover" and "ROI" to 2 declmal places. 3 What was the company's resldual Income last year? 1 _ Average operating assets _ Margin 2 Turnover 2 ROI 3 Residual Income
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