Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. problem 11-15 return on investment (roi) and resid

Problem 11-15 Return on Investment (ROI) and Residual Income [LO11-1, L011-2] Financial data for Joel...

80.2K

Verified Solution

Question

Accounting

image
Problem 11-15 Return on Investment (ROI) and Residual Income [LO11-1, L011-2] Financial data for Joel de Paris, Inc., for last year follow Joel de ParisInc. Balance Sheet Assets Cash Accounts receivable 134.000 128.000 475.000 89.000 Plant and equipment, net Investment in Buisson, SA Land (undeveloped) Total assets 65 000 06000 250.000 2.576.000 30 000 248.000 2.638 000 Accounts payable Long-term debt 387 000$338,000 030,000 Total liabilities and stockholders equity 2.576.000 2.638 000 Joel de Paris, Inc. Income Statement Sales Operating expenses Interest and taxes Interest expense Tax expense 127000 323 000 Net income The company paid dividends of $124,720 last year. The "Investment in Buisson, S.A., o the balance sheet represents an investment in the stock of another company. company's minimum required rate of return of 15%. The 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 las year. (Round "Margin", "Turnover" and "ROI" to 2 decimal places.) 3. What was the company's residual income last year? 2 Margi Residual income

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Basic Math
1.2K views

Find a vector perpendicular to the line 2y=5-3x in the xy-plane.

Chemistry
1.2K views

1. Answer any three of the following parts (a) - (d). (a) The hydrolysis of a...

Advance Math
1.2K views

A company produces and sells 2,500 sets of silverware each year. Each production run has a...

Geometry
1.2K views

Use the diagram to answer the following question EQ b QE Z What is another...

Calculus
1.2K views

points Q What did one calculus book say to the other A Don t bother...

Calculus
1.2K views

Find the circular function values for the given number s State which functions are undefined...

Accounting
1.2K views

David and Angela Brook are a married couple. They disposed of the following assets during...

Accounting
1.2K views

3rd time posting .. this is one question with 12 parts. need help with 8-12...

Accounting
1.2K views

activity was 5.230 tenant-days. The kennel has provided the following data concerning the formulas used...

Accounting
1.2K views

\begin{tabular}{|c|c|c|} \hline \multicolumn{3}{|c|}{ Balance Sheet- As of December 31, 2018} \\ \hline Assets: Cash &...

Accounting
1.2K views

Using the president's new assumptions in (a) above, prepare a schedule of expected cash collection...

Finance
1.2K views

**An asset or portfolio is immunized when it has the same payoff at some specific...