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Financial data for Joel de Paris, Inc., for last year follow: Joel de Paris, Inc. Balance Sheet Beginning Balance Ending Balance Assets Cash 2$ 129, e00 333, еее 563, еее 805,000 395, е0е 251,000 $ 2,476, 000 126,000 490,000 488,000 766, еее 432, еее 250,000 Accounts receivable Inventory Plant and equipment, net Investment in Buisson, S.A. Land (undeveloped) Total assets $ 2,552,000 Liabilities and Stockholders' Equity Accounts payable Long-term debt Stockholders' equity 377,000 976, 000 1,123,000 2$ 348, еее 976, е0е 1,228, 000 Total liabilities and stockholders' equity $ 2,476, 000 $ 2,552,000 Joel de Paris, Inc. Income Statement $ 4,995,000 4,095,900 899,100 Sales Operating expenses Net operating income Interest and taxes: Interest expense $ 116,000 196, 000 Tax expense 312, е0е Net income 2$ 587,100 The company paid dividends of $482,100 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 2. Margin % Turnover ROI % 3. Residual income

Financial data for Joel de Paris, Inc., for last year follow: Joel de Paris, Inc. Balance Sheet Beginning Balance Ending Balance Assets Cash 2$ 129, e00 333, еее 563, еее 805,000 395, е0е 251,000 $ 2,476, 000 126,000 490,000 488,000 766, еее 432, еее 250,000 Accounts receivable Inventory Plant and equipment, net Investment in Buisson, S.A. Land (undeveloped) Total assets $ 2,552,000 Liabilities and Stockholders' Equity Accounts payable Long-term debt Stockholders' equity 377,000 976, 000 1,123,000 2$ 348, еее 976, е0е 1,228, 000 Total liabilities and stockholders' equity $ 2,476, 000 $ 2,552,000 Joel de Paris, Inc. Income Statement $ 4,995,000 4,095,900 899,100 Sales Operating expenses Net operating income Interest and taxes: Interest expense $ 116,000 196, 000 Tax expense 312, е0е Net income 2$ 587,100 The company paid dividends of $482,100 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 2. Margin % Turnover ROI % 3. Residual income

Managerial Accounting: The Cornerstone of Business Decision-Making
Managerial Accounting: The Cornerstone of Business Decision-Making
7th Edition
ISBN:9781337115773
Author:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger
Publisher:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger
Chapter15: Financial Statement Analysis
Section: Chapter Questions
Problem 51E: Juroe Company provided the following income statement for last year: Juroes balance sheet as of...
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Financial data for Joel de Paris, Inc., for last year follow: Joel de Paris, Inc. Balance Sheet Beginning Ending Balance Balance Assets $ 24 129,000 333, өөө 563,000 805,000 395, е0е 251, 000 $ 2,476, 000 126, 000 490, өө 488,000 766,000 432, 9әө 250, 000 $ 2,552,000 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 2$ $ 377,000 976,000 1,123,000 348, 000 976,000 1,228, 000 $ 2,552, е00 Total liabilities and stockholders' equity $ 2,476, 000 Joel de Paris, Inc. Income Statement $ 4,995,000 4,095,900 899,100 Sales Operating expenses Net operating income Interest and taxes: $ 116,000 196,000 Interest expense Тах expense 312,000 Net income 587,100 The company paid dividends of $482,100O 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 2. Margin % Turnover ROI % 3. Residual income
Transcribed Image Text:Financial data for Joel de Paris, Inc., for last year follow: Joel de Paris, Inc. Balance Sheet Beginning Ending Balance Balance Assets $ 24 129,000 333, өөө 563,000 805,000 395, е0е 251, 000 $ 2,476, 000 126, 000 490, өө 488,000 766,000 432, 9әө 250, 000 $ 2,552,000 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 2$ $ 377,000 976,000 1,123,000 348, 000 976,000 1,228, 000 $ 2,552, е00 Total liabilities and stockholders' equity $ 2,476, 000 Joel de Paris, Inc. Income Statement $ 4,995,000 4,095,900 899,100 Sales Operating expenses Net operating income Interest and taxes: $ 116,000 196,000 Interest expense Тах expense 312,000 Net income 587,100 The company paid dividends of $482,100O 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 2. Margin % Turnover ROI % 3. Residual income
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