Homework Answers
a)Margin = ROI/Turnover
=8.8%/2.2
=4%
Net income = 13,000,000 x 4% = 520,000
b)Return on equity = Net income/Average stockholders' equity
=520,000/2,800,000
=18.6%
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Required information Exercise 11-13 Effects of Changes in Sales, Expenses, and Assets on ROI (LO11-1] [The...
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Calculating Average Operating Assets, Margin, Turnover, Return on Investment (ROI) Forchen, Inc., provided the following information...
Calculating Average Operating Assets, Margin, Turnover, Return on Investment (ROI) Forchen, Inc., provided the following information for two of its divisions for last year: Small Appliances Cleaning Products Division Division Sales $34,670,000 $31,320,000 Operating income 2,773,600 1,252,800 Operating assets, January 1 6,394,000 5,600,000 Operating assets, December 31 7,474,000 6,000,000 Required: 1. For the Small Appliances Division, calculate: a. Average operating assets $ 6,934,000 b. Margin c. Turnover d. Return on investm nent (ROI) 2. For the Cleaning Products Division, calculate:...
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
$
126,000
$
126,000
Accounts receivable
331,000
473,000
Inventory
568,000
482,000
Plant and equipment, net
875,000
859,000
Investment in Buisson, S.A.
396,000
427,000
Land (undeveloped)
247,000
245,000
Total assets
$
2,543,000
$
2,612,000
Liabilities and Stockholders'
Equity
Accounts payable
$
388,000
$
348,000
Long-term debt
1,002,000
1,002,000
Stockholders' equity
1,153,000
1,262,000
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
$
135,000
$
128,000
Accounts receivable
348,000
471,000
Inventory
561,000
485,000
Plant and equipment, net
836,000
836,000
Investment in Buisson, S.A.
403,000
428,000
Land (undeveloped)
251,000
249,000
Total assets
$
2,534,000
$
2,597,000
Liabilities and Stockholders'
Equity
Accounts payable
$
377,000
$
339,000
Long-term debt
1,024,000
1,024,000
Stockholders' equity
1,133,000
1,234,000
Total liabilities and stockholders' equity
$...
Problem 11-15 Return on Investment (ROI) and Residual Income [LO11-1. LO11-2] Financial data for Joel de Paris, Inc, for last year follow 1 de Paris, Inc Balance Sheet Ending Beginning Assets Cash Accounts receivable Inventory Plant and equipment, net Investment in Buisson, S.A Land (undeveloped) Total assets s 140,80012,000 456,808 328,880 688,600 258,800 188,080 530,000 380,800 620,980 288,888 170,908 $ 2,828,98032,100,8 Liabilities and Stockholders Equity Accounts payable Long-term debt Stockholders equity S360,8803S310,880 1,500,000 1,580,800 168,000 ::: m 290,aee Total liabilities...
Required information Exercise 11-13 Effects of Changes in Sales, Expenses, and Assets on ROI (LO11-1] [The following information applies to the questions displayed below.) CommercialServices.com Corporation provides business-to-business services on the Internet. Data concerning the most recent year appear below: Sales Net operating income Average operating assets $ $ $ 3,720,000 223,200 930,000 The following questions are to be considered independently. Exercise 11-13 Part 3 3. The Chief Financial Officer of the company believes a more realistic scenario would be...
ROI, Margin, Turnover Jarriot, Inc., presented two years of data for its Furniture Division and its Houseware Division Furniture Division: Year 1 Year 2 Sales Operating income $33,350,000 1,434,050 10,000,000 $35,710,000 1,535,530 10,000,000 Average operating assets Houseware Division: Sales 370,000 $11,778 Operating income 579.870 482.902 Average operating assets 5,000,000 5,000,000 Required: Round the ROI and margin percentages to two decimal places (for example, enter the decimal 10555 as "10.56" percent). Round the turnover ratio to two decimal places 1. Compute...
Calculating Average Operating Assets, Margin, Turnover, Return on Investment (ROI) Forchen, Inc., provided the following information for two of its divisions for last year: Small Appliances Cleaning Products Division Division Sales $34,670,000 $31,320,000 Operating income 2,773,600 1,252,800 Operating assets, January 1 6,394,000 5,600,000 Operating assets, December 31 7,474,000 6,000,000 Required: 1. For the Small Appliances Division, calculate: a. Average operating assets $ 6,934,000 b. Margin c. Turnover d. Return on investm nent (ROI) 2. For the Cleaning Products Division, calculate:...
Financial data for Joel de Paris, Inc., for last year
follow:
Joel de Paris, Inc.
Balance Sheet
Beginning
Balance
Ending
Balance
Assets
Cash
$
126,000
$
126,000
Accounts receivable
331,000
473,000
Inventory
568,000
482,000
Plant and equipment, net
875,000
859,000
Investment in Buisson, S.A.
396,000
427,000
Land (undeveloped)
247,000
245,000
Total assets
$
2,543,000
$
2,612,000
Liabilities and Stockholders'
Equity
Accounts payable
$
388,000
$
348,000
Long-term debt
1,002,000
1,002,000
Stockholders' equity
1,153,000
1,262,000
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
$
135,000
$
128,000
Accounts receivable
348,000
471,000
Inventory
561,000
485,000
Plant and equipment, net
836,000
836,000
Investment in Buisson, S.A.
403,000
428,000
Land (undeveloped)
251,000
249,000
Total assets
$
2,534,000
$
2,597,000
Liabilities and Stockholders'
Equity
Accounts payable
$
377,000
$
339,000
Long-term debt
1,024,000
1,024,000
Stockholders' equity
1,133,000
1,234,000
Total liabilities and stockholders' equity
$...
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