Do not give image format AssetsCashAccounts receivableInventoryPlant and equipment, netInvestment in Buisson, S.A.Land (undeveloped)Total assetsLiabilities and Stockholders' EquityAccounts payableLong-term debtStockholders' equityTotal liabilities and stockholders' equityJoel de Paris, Inc.Incone StatementSalesOperating expensesNet operating incomeInterest and taxes:Interest expenseTax expenseNet income$ 121,000207,000$4,347,0003,608,010738,9901. Average operating assets2MarginTurnoverROIResidual income328,000$ 410,990BeginningBalance%5%EndingBalance139,000 $ 140,000334,000490,000579,000818,000.405,000250,000$ 2,526,000The company paid dividends of $303,990 last year. The "Investment in Buisson, S.A.." on the balance sheet represents an investmentin the stock of another company. The company's minimum required rate of return of 15%481,000799,000429,000252,000$2,591,000Required:1. Compute the company's average operating assets for last year.2. Compute the company's margin, turnover, and return on investment (ROI) for last year. (Round "Margin", "Turnover" and "ROI" to 2decimal places.)3. What was the company's residual income last year?$ 341,000$ 383,0001,020,0001,123,0001,020,0001,230,000$2,526,000 $2,591,000

The Average Operating Assets (AOA) refers to the average value of assets deployed by a corporation…

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 decimal places.) 3. What was the company's residual income last year? 1. Average operating assets 2 Margin Turnover ROI Residual income 3. % %

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 decimal places.) 3. What was the company's residual income last year? 1. Average operating assets 2 Margin Turnover ROI Residual income 3. % %

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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