Please do not give solution in image format thanku Financial data for Joel de Paris, Incorporated, for last year follow:Joel de Paris, IncorporatedBalance SheetAssetsCashAccounts receivableInventoryPlant and equipment, netInvestment in Buisson, S.A.Land (undeveloped)Total assetsLiabilities and Stockholders' EquityAccounts payableLong-term debtStockholders' equityJoel de Paris, IncorporatedIncome StatementSalesOperating expensesNet operating incomeInterest and taxes:Interest expenseTax expenseBeginningBalance$ 130,000210,000$ 133,000340,000563,000834,000409,000$2,000$ 2,531,000$ 371,000$ 342,000959,000959,0001,201,0001,288,000Total liabilities and stockholders' equity $ 2,531,000 $ 2,589,000$ 3,780,0003,250,800529, 200EndingBalance340,000$ 126,000481,000488,000815,000426,000253,000$ 2,589,000 Interest and taxes:Interest expenseTax expenseNet income$ 130,000210,0001. Average operating assets2. Margin2. Turnover2. ROI3. Residual income340,000$ 189, 200The company paid dividends of $102,200 last year. The "Investment in Buisson, S.A.," on the balance sheet represents aninvestment in the stock of another company. The company's minimum required rate of return 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.Note: Round "Margin", "Turnover" and "ROI" to 2 decimal places.3. What was the company's residual income last year?%%

Margin is calculated by dividing net operating income by average operating assets.

Interest and taxes: Interest expense Tax expense Net income $ 130,000 210,000 1. Average operating assets 2. Margin 2. Turnover 2. ROI 3. Residual income 340,000 $ 189, 200 The company paid dividends of $102,200 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 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. Note: Round "Margin", "Turnover" and "ROI" to 2 decimal places. 3. What was the company's residual income last year? % %

Interest and taxes: Interest expense Tax expense Net income $ 130,000 210,000 1. Average operating assets 2. Margin 2. Turnover 2. ROI 3. Residual income 340,000 $ 189, 200 The company paid dividends of $102,200 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 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. Note: Round "Margin", "Turnover" and "ROI" to 2 decimal places. 3. What was the company's residual income last year? % %

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 33BEB: The income statement, statement of retained earnings, and balance sheet for Santiago Systems are as...

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The income statement, statement of retained earnings, and balance sheet for Santiago Systems are as follows: Includes both state and federal taxes. Refer to the information for Santiago Systems above. Required: Note: Round answers to four decimal places. 1. Calculate the average common stockholders equity. 2. Calculate the return on stockholders equity.
Financial statements for Allendale Company follow: Assets Current assets Cash Marketable securities Accounts receivable (net) Inventories Prepaid items Total current assets. Investments Plant (net) Land Total assets Liabilities and Stockholders' Equity Liabilities Current liabilities Notes payable Accounts payable Salaries payable Total current liabilities Noncurrent liabilities Bonds payable Other Total noncurrent liabilities Total liabilities Stockholders' equity Preferred stock, (par value $10, 4% cumulative, non-participating; 8,000 shares authorized and issued) Common stock (no par; 50,000 shares authorized; 10,000 shares issued) Retained earnings. Total stockholders' equity Total liabilities and stockholders' equity ALLENDALE COMPANY Statements of Income and Retained Earnings. For the Years Ended December 31 Year 4 Year 3 Revenues $230,000 8,000 $210,000 5,000 238,000 215,000 120,000 103,000 55,000 50,000 8,000 7,200 23,000 22,000 206,000 182,200 32,000 32,800 132,000 107,000…
Finding operating and free cash flows Consider the balance sheets and selected data from the income statement of Keith Corporation that follow a. Calculate the firm's net operating profit after taxes (NOPAT) for this year. b. Calculate the firm's operating cash flow (OCF) for the year. c. Calculate the firm's free cash flow (FCF) for the year. d. Interpret, compare and contrast your cash flow estimate in parts (b) and (c). a. The net operating profit after taxes is $ (Round to the nearest dollar.)
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Financial data for Joel de Paris, Incorporated, for last year follow: Joel de Paris, Incorporated Balance Sheet Beginning Balance Ending Balance Assets Cash Accounts receivable Plant and equipment, net Inventory Investment in Buisson, S.A. Land (undeveloped) Total assets Liabilities and Stockholders' Equity Accounts payable Long-term debt Stockholders' equity Total liabilities and stockholders' equity $ 131,000 346,000 568,000 815,000 396,000 250,000 $ 374,000 993,000 1,139,000 $ 2,506,000 $ 129,000 471,000 470,000 830,000 430,000 246,000 $ 2,576,000 $ 336,000 993,000 1,247,000 $ 2,576,000 $ 2,506,000 Joel de Paris, Incorporated Income Statement Sales Operating expenses Interest and taxes: Net operating income Interest expense Tax expense Net income $ 116,000 199,000 4,324,000 3,761,880 562,120 315,000 $ 247,120 The company paid dividends of $139,120 last year. The "Investment in Buisson, S.A.," on the balance sheet represents an Investment in the stock of another company. The…
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