Homework Answers
ANSWER
| 1 | ||
| Beginning operating assets=2,535,000-397,000-248,000= | 1,890,000 | |
| Ending operating assets=2,611,000-432,000-249,000= | 1,930,000 | |
| Average operating assets = (1,890,000+1,930,000)/2= | 1,910,000 | |
| 2 | ||
| Margin = Net operating income/Sales=714,340/4,202,000= | 17% | |
| Turnover = Sales/Average operating assets=4,202,000/1,910,000= | 2.2 | |
| ROI = Margin*Turnover =17%*2.2= | 37.40% | |
| 3 | ||
| Residual income=714,340-(1,910,000*15%)= | 427,840 | |
===========================================
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Balance Balance Assets Cash $ 128,000 $ 138,000 Accounts receivable 340,000 489,000 Inventory 561,000 473,000 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, 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 $ 133,000 340,000 576,000 801,000 397,000 247,000 $ 2,494,000 $ 131,000 477,000 478,000 804,000 428,000 253,000 $2,571,000 $ 372,000 1,030,000 1,092,000 $ 2,494,000 $ 340,000 1,030,000 1,201,000 $2,571,000 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...
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
$...
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 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
$
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
$...
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 $ 137,000 Accounts receivable 332,000 474,000 Inventory 561,000 490,000 Plant and equipment, net 861,000 819,000 Investment in Buisson, S.A. 395,000 432,000 Land (undeveloped) 251,000 245,000 Total assets $ 2,526,000 $ 2,597,000 Liabilities and Stockholders' Equity Accounts payable $ 390,000 $ 335,000 Long-term debt 969,000 969,000 Stockholders' equity 1,167,000 1,293,000 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
$...
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 $ 136,000 Accounts receivable 337,000 475,000 Inventory 573,000 487,000 Plant and equipment, net 865,000 852,000 Investment in Buisson, S.A. 401,000 426,000 Land (undeveloped) 250,000 253,000 Total assets $ 2,561,000 $ 2,629,000 Liabilities and Stockholders' Equity Accounts payable $ 376,000 $ 337,000 Long-term debt 986,000 986,000 Stockholders' equity 1,199,000 1,306,000 Total liabilities and stockholders' equity $...
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, 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 $ 133,000 340,000 576,000 801,000 397,000 247,000 $ 2,494,000 $ 131,000 477,000 478,000 804,000 428,000 253,000 $2,571,000 $ 372,000 1,030,000 1,092,000 $ 2,494,000 $ 340,000 1,030,000 1,201,000 $2,571,000 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...
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
$...
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
$
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
$...
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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