subject
Business, 19.12.2019 01:31 corrineikerd

Financial data for joel de paris, inc., for last year follow: joel de paris, inc. balance sheet beginning balance ending balance assets cash $ 134,000 $ 126,000 accounts receivable 342,000 487,000 inventory 567,000 481,000 plant and equipment, net 807,000 796,000 investment in buisson, s. a. 409,000 428,000 land (undeveloped) 251,000 254,000 total assets $ 2,510,000 $ 2,572,000 liabilities and stockholders' equity accounts payable $ 378,000 $ 340,000 long-term debt 1,010,000 1,010,000 stockholders' equity 1,122,000 1,222,000 total liabilities and stockholders' equity $ 2,510,000 $ 2,572,000 joel de paris, inc. income statement sales $ 3,927,000 operating expenses 3,337,950 net operating income 589,050 interest and taxes: interest expense $ 110,000 tax expense 199,000 309,000 net income $ 280,050 the company paid dividends of $180,050 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?

ansver
Answers: 2

Another question on Business

question
Business, 22.06.2019 12:30
Amap from a trade development commission or chamber of commerce can be more useful than google maps for identifying
Answers: 1
question
Business, 22.06.2019 16:30
Which of the following has the largest impact on opportunity cost
Answers: 2
question
Business, 22.06.2019 19:30
At december 31, 2016, pina corporation had the following stock outstanding. 10% cumulative preferred stock, $100 par, 107,810 shares $10,781,000 common stock, $5 par, 4,026,000 shares 20,130,000 during 2017, pina did not issue any additional common stock. the following also occurred during 2017. income from continuing operations before taxes $21,950,000 discontinued operations (loss before taxes) $3,505,000 preferred dividends declared $1,078,100 common dividends declared $2,300,000 effective tax rate 35 % compute earnings per share data as it should appear in the 2017 income statement of pina corporation
Answers: 1
question
Business, 22.06.2019 19:30
Which of the following businesses is most likely to disrupt an existing industry? a. closer connex developed an earphone that receives emails and text messages and converts them to voice messages. the first models had poor reception, but they rapidly improved over time. b. mega technologies reconfigured the components used in its touchscreen tablets to create a new type of wearable device for use in restaurants and other service industries. c. particle inc. developed a teleportation technology that can transport physical materials instantaneously across great distances. d. altrea added advanced camera technology to its premium line of smartphones so that they would take the highest-quality photos of all phones on the market.
Answers: 1
You know the right answer?
Financial data for joel de paris, inc., for last year follow: joel de paris, inc. balance sheet beg...
Questions
question
History, 21.01.2022 02:20
question
Mathematics, 21.01.2022 02:20
question
History, 21.01.2022 02:20
Questions on the website: 13722363