Homework Answers
| 1 | ||
| Beginning Operating assets | 1850000 | =2494000-397000-247000 |
| Ending Operating assets | 1890000 | =2571000-428000-253000 |
| Average Operating assets | 1870000 | =(1850000+1890000)/2 |
| 2 | ||
| Margin = Net operating income/Sales | ||
| Turnover = Sales/Average Operating assets | ||
| ROI = Margin*Turnover | ||
| Margin | 15.00% | =729300/4862000 |
| Turnover | 2.60 | =4862000/1870000 |
| ROI | 39.00% | =15%*2.60 |
| 3 | ||
| Net operating income | 729300 | |
| Less: Minimum required return | 280500 | =1870000*15% |
| Residual Income | 448800 | |
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Joel de Paris, Inc. Balance Sheet Beginning Balance Ending Balance Assets Cash Accounts receivable Inventory Plant...
Joel de Paris, Inc. Balance Sheet Beginning Balance Ending Balance Assets Cash Accounts receivable Inventory Plant...
Joel de Paris, Inc. Balance Sheet Beginning Balance Ending Balance Assets Cash Accounts receivable Inventory Plant and equipment, net 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 139,000 344,000 578,000 859,000 391,000 248,000 $ 2,559,000 $ 137,000 489,000 474,000 860,000 427,000 250,000 $ 2,637,000 $ 377,000 1,047,000 1,135,000 $ 2,559,000 $ 350,000 1,047,000 1,240,000 $2,637,000 Joel de Paris, Inc. Income Statement Sales Operating expenses Net...
Joel de Paris, Ing. Balance Sheet Beginning Balance Ending Balance Assets Cash Accounts receivable Inventory plant...
Joel de Paris, Ing. Balance Sheet Beginning Balance Ending Balance Assets Cash Accounts receivable Inventory plant and equipment, net 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 138, 339. see 569, eee 814.ee 393. aa 246, see $ 2,499, eee 137., eee 473.800 475,888 B15, eee 425, eee 246, eee $ 2,571, eee $ 377.ee 1,029,00 1,893, eee $ 2,499, eee $ 336, eee 1,929.000...
Ending Balance Joel de Paris, Inc. Balance Sheet Beginning Balance Assets Cash $ 140,000 Accounts receivable 450,000 I...
Ending Balance Joel de Paris, Inc. Balance Sheet Beginning Balance Assets Cash $ 140,000 Accounts receivable 450,000 Inventory 320,000 Plant and equipment, net 680,000 Investment in Buisson, S.A. 250,000 Land (undeveloped) 180,000 Total assets $2,020,000 Liabilities and Stockholders' Equity Accounts payable $ 360,000 Long-term debt 1,500,000 Stockholders' equity 160,000 Total liabilities and stockholders' $2,020,000 equity $ 120,000 530,000 380,000 620,000 280,000 170,000 $2,100,000 $ 310,000 1,500,000 290,000 $2,100,000 Joel de Paris, Inc. Income Statement Sales Operating expenses Net operating income...
Financial data for Joel de Paris, Inc., for last year follow: Joel de Paris, Inc. Balance Sheet Beginning Balance...
Financial data for Joel de Paris, Inc., for last year follow: Joel de Paris, Inc. Balance Sheet Beginning Balance Ending Balance Assets Cash Accounts receivable Inventory Plant and equipment, net 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 126,000 333,000 573,000 808,000 398,000 249,000 2,487,000 130,000 481,000 479,000 790,000 425,000 249,000 2,554,000 $ $ 385,000 1,006,000 1,096,000 $ 2,487,000 $ 336,000 1,006,000 1,212,000 $2,554,000 Joel...
Financial data for Joel de Paris, Inc., for last year follow: Joel de Paris, Inc. Balance...
Financial data for Joel de Paris, Inc., for last year follow:
Joel de Paris, Inc. Balance Sheet Beginning Balance Ending Balance
Assets Cash $ 137,000 $ 128,000 Accounts receivable 334,000 480,000
Inventory 578,000 480,000 Plant and equipment, net 881,000 882,000
Investment in Buisson, S.A. 398,000 430,000 Land (undeveloped)
247,000 252,000 Total assets $ 2,575,000 $ 2,652,000 Liabilities
and Stockholders' Equity Accounts payable $ 384,000 $ 340,000
Long-term debt 984,000 984,000 Stockholders' equity 1,207,000
1,328,000 Total liabilities and stockholders' equity $...
Financial data for Joel de Paris, Inc., for last year follow: Joel de Paris, Inc. Balance...
Financial data for Joel de Paris, Inc., for last year
follow:
Joel de Paris, Inc.
Balance Sheet
Beginning
Balance
Ending
Balance
Assets
Cash
$
129,000
$
132,000
Accounts receivable
340,000
479,000
Inventory
577,000
476,000
Plant and equipment, net
794,000
793,000
Investment in Buisson, S.A.
401,000
427,000
Land (undeveloped)
255,000
249,000
Total assets
$
2,496,000
$
2,556,000
Liabilities and Stockholders'
Equity
Accounts payable
$
389,000
$
344,000
Long-term debt
971,000
971,000
Stockholders' equity
1,136,000
1,241,000
Total liabilities and stockholders' equity
$...
Joel de Paris, Inc. Balance Sheet Beginning Balance Ending Balance Assets Cash $ 133,000 $ 129,000...
Joel de Paris, Inc. Balance Sheet Beginning Balance Ending Balance Assets Cash $ 133,000 $ 129,000 Accounts receivable 331,000 475,000 Inventory 565,000 485,000 Plant and equipment, net 891,000 871,000 Investment in Buisson, S.A. 404,000 430,000 Land (undeveloped) 252,000 251,000 Total assets $ 2,576,000 $ 2,641,000 Liabilities and Stockholders' Equity Accounts payable $ 374,000 $ 337,000 Long-term debt 1,025,000 1,025,000 Stockholders' equity 1,177,000 1,279,000 Total liabilities and stockholders' equity $ 2,576,000 $ 2,641,000 Joel de Paris, Inc. Income Statement Sales $...
Financial data for Joel de Paris, Inc., for last year follow: Joel de Paris, Inc. Balance...
Financial data for Joel de Paris, Inc., for last year follow: Joel de Paris, Inc. Balance Sheet Beginning Balance Ending Balance Assets Cash Accounts receivable Inventory Plant and equipment, net 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 131,000 334,000 560,000 865,000 407,000 251,000 $ 2,548,000 $ 135,000 480,000 470,000 845,000 433,000 247,000 $ 2,610,000 $ 383,000 973,000 1,192,000 $ 2,548,000 $ 332,000 973,000 1,305,000...
Financial data for Joel de Paris, Inc., for last year follow: Joel de Paris, Ine. Balance...
Financial data for Joel de Paris, Inc., for last year follow: Joel de Paris, Ine. Balance Sheet Beginning Balance Ending Balance Assets Accounts receivable Inventory Plant and equipment, net 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 139,000 339,000 573,000 829,000 404.000 248,000 $ 2,532,000 134,000 475,000 472.000 839,000 434,000 253,000 $2.607.000 381,000 1,029,000 1, 122,000 $2,532,000 $ 340,000 1,029,000 1,238,000 $2,607,000 Joel de Paris,...
Financial data for Joel de Paris, Inc., for last year follow: Ending Balance $ Joel de...
Financial data for Joel de Paris, Inc., for last year follow: Ending Balance $ Joel de Paris, Inc. Balance Sheet Beginning Balance Assets Cash 131,000 Accounts receivable 341,000 Inventory 577,000 Plant and equipment, net 851,000 Investment in Buisson, S.A. 403,000 Land (undeveloped) 252,000 Total assets $ 2,555,000 Liabilities and Stockholders' Equity Accounts payable $ 381,000 Long-term debt 1,034,000 Stockholders' equity 1,140,000 Total liabilities and stockholders' equity $ 2,555,000 129,000 489,000 475,000 847,000 427,000 248,000 2,615,000 $ $ 335,000 1,034,000 1,246,000...
Joel de Paris, Inc. Balance Sheet Beginning Balance Ending Balance Assets Cash Accounts receivable Inventory Plant and equipment, net 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 139,000 344,000 578,000 859,000 391,000 248,000 $ 2,559,000 $ 137,000 489,000 474,000 860,000 427,000 250,000 $ 2,637,000 $ 377,000 1,047,000 1,135,000 $ 2,559,000 $ 350,000 1,047,000 1,240,000 $2,637,000 Joel de Paris, Inc. Income Statement Sales Operating expenses Net...
Joel de Paris, Ing. Balance Sheet Beginning Balance Ending Balance Assets Cash Accounts receivable Inventory plant and equipment, net 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 138, 339. see 569, eee 814.ee 393. aa 246, see $ 2,499, eee 137., eee 473.800 475,888 B15, eee 425, eee 246, eee $ 2,571, eee $ 377.ee 1,029,00 1,893, eee $ 2,499, eee $ 336, eee 1,929.000...
Ending Balance Joel de Paris, Inc. Balance Sheet Beginning Balance Assets Cash $ 140,000 Accounts receivable 450,000 Inventory 320,000 Plant and equipment, net 680,000 Investment in Buisson, S.A. 250,000 Land (undeveloped) 180,000 Total assets $2,020,000 Liabilities and Stockholders' Equity Accounts payable $ 360,000 Long-term debt 1,500,000 Stockholders' equity 160,000 Total liabilities and stockholders' $2,020,000 equity $ 120,000 530,000 380,000 620,000 280,000 170,000 $2,100,000 $ 310,000 1,500,000 290,000 $2,100,000 Joel de Paris, Inc. Income Statement Sales Operating expenses Net operating income...
Financial data for Joel de Paris, Inc., for last year follow: Joel de Paris, Inc. Balance Sheet Beginning Balance Ending Balance Assets Cash Accounts receivable Inventory Plant and equipment, net 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 126,000 333,000 573,000 808,000 398,000 249,000 2,487,000 130,000 481,000 479,000 790,000 425,000 249,000 2,554,000 $ $ 385,000 1,006,000 1,096,000 $ 2,487,000 $ 336,000 1,006,000 1,212,000 $2,554,000 Joel...
Financial data for Joel de Paris, Inc., for last year follow:
Joel de Paris, Inc. Balance Sheet Beginning Balance Ending Balance
Assets Cash $ 137,000 $ 128,000 Accounts receivable 334,000 480,000
Inventory 578,000 480,000 Plant and equipment, net 881,000 882,000
Investment in Buisson, S.A. 398,000 430,000 Land (undeveloped)
247,000 252,000 Total assets $ 2,575,000 $ 2,652,000 Liabilities
and Stockholders' Equity Accounts payable $ 384,000 $ 340,000
Long-term debt 984,000 984,000 Stockholders' equity 1,207,000
1,328,000 Total liabilities and stockholders' equity $...
Financial data for Joel de Paris, Inc., for last year
follow:
Joel de Paris, Inc.
Balance Sheet
Beginning
Balance
Ending
Balance
Assets
Cash
$
129,000
$
132,000
Accounts receivable
340,000
479,000
Inventory
577,000
476,000
Plant and equipment, net
794,000
793,000
Investment in Buisson, S.A.
401,000
427,000
Land (undeveloped)
255,000
249,000
Total assets
$
2,496,000
$
2,556,000
Liabilities and Stockholders'
Equity
Accounts payable
$
389,000
$
344,000
Long-term debt
971,000
971,000
Stockholders' equity
1,136,000
1,241,000
Total liabilities and stockholders' equity
$...
Financial data for Joel de Paris, Inc., for last year follow: Joel de Paris, Inc. Balance Sheet Beginning Balance Ending Balance Assets Cash Accounts receivable Inventory Plant and equipment, net 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 131,000 334,000 560,000 865,000 407,000 251,000 $ 2,548,000 $ 135,000 480,000 470,000 845,000 433,000 247,000 $ 2,610,000 $ 383,000 973,000 1,192,000 $ 2,548,000 $ 332,000 973,000 1,305,000...
Financial data for Joel de Paris, Inc., for last year follow: Joel de Paris, Ine. Balance Sheet Beginning Balance Ending Balance Assets Accounts receivable Inventory Plant and equipment, net 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 139,000 339,000 573,000 829,000 404.000 248,000 $ 2,532,000 134,000 475,000 472.000 839,000 434,000 253,000 $2.607.000 381,000 1,029,000 1, 122,000 $2,532,000 $ 340,000 1,029,000 1,238,000 $2,607,000 Joel de Paris,...
Financial data for Joel de Paris, Inc., for last year follow: Ending Balance $ Joel de Paris, Inc. Balance Sheet Beginning Balance Assets Cash 131,000 Accounts receivable 341,000 Inventory 577,000 Plant and equipment, net 851,000 Investment in Buisson, S.A. 403,000 Land (undeveloped) 252,000 Total assets $ 2,555,000 Liabilities and Stockholders' Equity Accounts payable $ 381,000 Long-term debt 1,034,000 Stockholders' equity 1,140,000 Total liabilities and stockholders' equity $ 2,555,000 129,000 489,000 475,000 847,000 427,000 248,000 2,615,000 $ $ 335,000 1,034,000 1,246,000...
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