Financial Data for Joel de Paris Assignment | Top Universities

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The company paid dividends of $377,500 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. (Do not round intermediate calculations and round your final answers to 2 decimal places.) 3. What was the company’s residual income last year?

Financial data for Joel de Paris, Inc., for last year follow: Joel de Paris, Inc. Balance Sheet Ending Balance Beginning Balance Assets Cash S S 136,000 335,000 569,000 840,000 392,000 251,000 $ 2,523,000 137,000 483,000 489,000 811,000 432,000 Accounts receivable Inventory Plant and equipment, net Investment in Buisson, S.A. Land (undeveloped ) 247,000 $2,599,000 Total assets Liabilities and Stockholders' Equity Accounts payable Long-term debt Stockholders' equity 382,000 1,025,000 342,000 1,025,000 1,232,000 $ 2,599,000 1,116,000 Total liabilities and stockholders' equity $2,523,000 Joel de Paris, Inc Income Statement $ 4,750,000 3,942,500 807,500 Sales Operating expenses Net operating income Interest and taxes: $ 115,000 Interest expense Tax expense 199,000 314,000 S Net income 493,500. Get Accounting Homework Help Today.

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