inancial data for Joel de Paris, Incorporated, for last year follow: Joel de Paris, Incorporated Balance Sheet Beginning Balance Ending Balance Assets Cash $ 136,000 $ 137,000 Accounts receivable 341,000 471,000 Inventory 569,000 478,000 Plant and equipment, net 834,000 834,000 Investment in Buisson, S.A. 406,000 430,000 Land (undeveloped) 247,000 250,000 Total assets $ 2,533,000 $ 2,600,000 Liabilities and Stockholders' Equity Accounts payable $ 380,000 $ 339,000 Long-term debt 962,000 962,000 Stockholders' equity 1,191,000 1,299,000 Total liabilities and stockholders' equity $ 2,533,000 $ 2,600,000 Joel de Paris, Incorporated Income Statement Sales $ 4,750,000 Operating expenses 3,990,000 Net operating income 760,000 Interest and taxes: Interest expense $ 125,000 Tax expense 207,000 332,000 Net income $ 428,000 The company paid dividends of $320,000 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?

Inc. reported the following data for last year: Inc. Balance Sheet Beginning Balance Ending Balance Assets Cash $ 126,000 $ 131,000 Accounts receivable 332,000 488,000 Inventory 576,000 476,000 Plant and equipment, net 896,000 875,000 Investment in Tesla Inc. 396,000 427,000 Land (undeveloped) 253,000 246,000 Total assets $ 2,579,000 $ 2,643,000 Liabilities and Stockholders' Equity Accounts payable Long-term debt $ 380,000 1,013,000 1,186,000 $ 340,000 1,013,000 1,290,000 Stockholders' equity Total liabilities and stockholders' equity $ 2,579,000 $ 2,643,000 Inc. Income Statement Sales $ 5,265,000 4,317,300 947,700 Operating expenses Net operating income Interest and taxes: Interest expense Tax expense Net income $ 123,000 210,000 333,000 $ 614,700 Inc. paid dividends of $510,700 last year. The "Investment in Tesla Inc." item on the balance sheet represents an investment in the stock of another company. The company's minimum required rate of return is 15%. What was the company's…

Fitz Company reports the following information. Selected Annual Income Statement Data   Selected Year-End Balance Sheet Data   Net income $ 391,000 Accounts receivable decrease $ 27,200 Depreciation expense 44,200 Inventory decrease 46,000 Amortization expense 8,000 Prepaid expenses increase 6,400 Gain on sale of plant assets 7,100 Accounts payable decrease 8,200     Salaries payable increase 1,900 Use the indirect method to prepare the operating activities section of its statement of cash flows for the year ended December 31. Note: Amounts to be deducted should be indicated with a minus sign.

P6-3. Prepare Balance Sheet. Jennings Incorporated provided the following account balances at December 31 for the current year. Account Debit Credit Investments at fair value (trading) $ 340,000 Accounts payable $324,560 Additional paid-in capital 700,000 Dividends payable 35,400 Equipment under capital lease 670,000 Intangible assets–net 123,000 Merchandise inventory 890,125 Income taxes payable 65,000 Cash 187,000

Financial data for Joel de Paris, Inc., for last year follow:   Joel de Paris, Inc.Balance Sheet   BeginningBalance   EndingBalance Assets Cash $ 129,000   $ 137,000   Accounts receivable   336,000     477,000   Inventory   580,000     488,000   Plant and equipment, net   875,000     858,000   Investment in Buisson, S.A.   406,000     431,000   Land (undeveloped)   252,000     251,000   Total assets $ 2,578,000   $ 2,642,000   Liabilities and Stockholders' Equity Accounts payable $ 387,000   $ 331,000   Long-term debt   1,039,000     1,039,000   Stockholders' equity   1,152,000     1,272,000   Total liabilities and stockholders' equity $ 2,578,000   $ 2,642,000       Joel de Paris, Inc.Income Statement   Sales         $ 4,850,000   Operating expenses           4,122,500   Net operating income           727,500   Interest and taxes:               Interest expense $ 121,000           Tax expense   208,000       329,000   Net income…

Arizona Corp. had the following account balances at 12/1/19:  Receivables: $96,000; Inventory: $240,000; Land: $720,000; Building: $600,000; Liabilities: $480,000; Common stock: $120,000; Additional paid-in capital: $120,000; Retained earnings, 12/1/19: $840,000; Revenues: $360,000; and Expenses: $264,000.   Several of Arizona's accounts have fair values that differ from book value. The fair values are: Land — $480,000; Building — $720,000; Inventory — $336,000; and Liabilities — $396,000.   Inglewood Inc. acquired all of the outstanding common shares of Arizona by issuing 20,000 shares of common stock having a $6 par value, but a $66 fair value. Stock issuance costs amounted to $12,000.     Imagine you are the decision maker at Inglewood Inc.   Prepare a fair value allocation and goodwill schedule at the date of the acquisition.    Determine in 525- words whether you would encourage acquiring Arizona Corp? Be sure to include your rationa