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Please help 1, 2 and 3 Financial data for Joel de Paris, Inc., for last year follow Joel de Paris, Inc. Balance Sheet Beginning Balance
Please help 1, 2 and 3
Financial data for Joel de Paris, Inc., for last year follow Joel de Paris, Inc. Balance Sheet Beginning Balance Ending Balance Assets Cash Accounts receivable Inventory plant and equipment, net 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 $ 139,6003 134,000 337,600 488,000 564,000 490,000 860,000 828,000 395,000 433,000 247 000 249,000 52,542,000 $2,622,000 $ 375.000 963,000 1,204,000 52,542.000 $ 341,000 963,000 1,310.000 $ 2,622,000 Joel de Paris, Inc. Income Statement Sales Operating expenses Net operating income Interest and taxest Interest expense $ 128,000 Tax expense 197,000 Net income $4,608,000 3,824,640 783,360 325,000 458,360 $ The company paid dividends of $344,360 last year. The "Investment in Buisson, SA" 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. Com the company's main turnover, and return on investment (ROI) for last year. (Do not round intermediate calculations and Joel de Paris, Inc. Income Statement Sales Operating expenses Net operating income Interest and taxes Interest expense $ 128,000 Tax expense 192,000 Net Income 54,600,000 3,824,640 783,360 25 325,000 $ 458,360 The company paid dividends of $344,360 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, tumover, and return on Investment (Ron for last year. (Do not round intermediate calculations and round your final answers to 2 decimal places.) 3. What was the company's residual income last year 1 2. % Average operating assets Margin Tumover ROI X 3 Residual income Step by Step Solution
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