Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Provide the missing data in the following table for a distributor of martial arts products: (Enter Turnover and ROI answers to 1 decimal place.) Alpha

image text in transcribed
image text in transcribed
image text in transcribed
Provide the missing data in the following table for a distributor of martial arts products: (Enter "Turnover" and "ROI" answers to 1 decimal place.) Alpha Charlie Division Bravo $ 270,000 $ 43,200 $ 47,475 $ 416,000 Sales Net operating income Average operating assets Margin Turnover Return on investment (ROI) % 320 % 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 $ 129,000 348,000 577,000 776,000 392,000 246,000 $ 2,468,000 $ 133.000 480,000 473.ee 784,000 427,000 247,000 $2,544,000 $ 383,000 998, 000 1,887,000 $ 2,468,000 $ 342,000 998,000 1,204,000 $2,544,000 Joel de Paris, Inc. Income Statement Sales Operating expenses Net operating income Interest and taxes: Interest expense $ 128,000 Tax expense 204,000 Net income $ 3,885,000 3,418,888 466,200 332,000 134.200 The company paid dividends of $17,200 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 van Dan Total liabilities and stockholders' equity $2,468,000 $2,544,000 Joel de Paris, Inc. Income Statement Sales Operating expenses Net operating income Interest and taxes: Interest expense $ 128,000 Tax expense 204,000 Net income $ 3,885,000 3,418,800 466,200 332,000 134,200 $ The company paid dividends of $17,200 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 places.) 3. What was the company's residual income last year? 1. Average operating assets Margin Turnover ROI Residual income

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Business Finance: Theory And Practice

Authors: Eddie McLaney

6th Edition

9780273673569

More Books

Students also viewed these Accounting questions

Question

What are the diff erences between groups and teams?

Answered: 1 week ago

Question

If you were Dans friend, what might you say to alter his behaviors?

Answered: 1 week ago