Homework Answers
| 1 | ||
| Beginning Operating assets | 1860000 | =2516000-404000-252000 |
| Ending Operating assets | 1900000 | =2574000-426000-248000 |
| Average Operating assets | 1880000 | =(1860000+1900000)/2 |
| 2 | ||
| Margin = Net operating income/Sales | ||
| Turnover = Sales/Average Operating assets | ||
| ROI = Margin*Turnover | ||
| Margin | 15.00% | =620400/4136000 |
| Turnover | 2.20 | =4136000/1880000 |
| ROI | 33.00% | =15%*2.20 |
| 3 | ||
| Net operating income | 620400 | |
| Less: Minimum required return | 282000 | =1880000*15% |
| Residual Income | 338400 | |
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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...
Financial data for Joel de Paris, Inc., for last year follow: Joel de Paris, Inc. Balance Sheet Beginning Balance Ending Balance Assets Cash $ 139,000 $ 131,000 Accounts receivable 349,000 475,000 Inventory 576,000 473,000 Plant and equipment, net 796,000 821,000 Investment in Buisson, S.A. 393,000 430,000 Land (undeveloped) 251,000 246,000 Total assets $ 2,504,000 $ 2,576,000 Liabilities and Stockholders' Equity Accounts payable $ 381,000 $ 335,000 Long-term debt 1,049,000 1,049,000 Stockholders' equity 1,074,000 1,192,000 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 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, 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 133,000 344,000 579,000 804,000 410,000 247,000 $ 2,517,000 $ 134,000 477,000 487,000 802,000 431,000 254,000 $2,585,000 $ 374,000 990,000 1,153,000 $ 2,517,000 $ 331,000 990,000 1,264,000 $2,585,000...
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 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 $ 127,000 338,000 569,000 866,000 391,000 253,000 $ 2,544,000 $ 130,000 483,000 480,000 847,000 435,000 249,000 $2,624,000 $ 379,000 1,007,000 1,158,000 $ 2,544,000 $ 348,000 1,007,000 1,269,000...
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 Ending Balance Balance Assets 133,000 483,000 489,000 835,000 435,000 254,000 Cash 131,000 Accounts receivable 349,000 Inventory 562,000 858,000 401,000 250,000 Plant and equipment, net Investment in Buisson, S.A Land (undeveloped) 2,551,000 $ 2,629,000 Total assets Liabilities and Stockholders' Equity Accounts payable Long-term debt Stockholders' equity 371,000 1,036,000 337,000 1,036,000 1,256,000 1,144,000 $ 2,551,000 $ 2,629,000 Total liabilities and stockholders' equity Joel de...
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 $ 135,000 332.000 565,000 888,000 399.000 253,000 $ 2,572,000 $ 125.000 477,000 488,000 870.000 432.000 247,000 $2,639,000 $ 377.000 1,013,000 1,182,000 $ 2,572,000 $ 345.000 1.013.000 1,281,000...
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 $ 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
$...
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
$
127,000
$
136,000
Accounts receivable
349,000
484,000
Inventory
569,000
490,000
Plant and equipment, net
835,000
810,000
Investment in Buisson, S.A.
394,000
433,000
Land (undeveloped)
251,000
249,000
Total assets
$
2,525,000
$
2,602,000
Liabilities and Stockholders'
Equity
Accounts payable
$
387,000
$
346,000
Long-term debt
952,000
952,000
Stockholders' equity
1,186,000
1,304,000
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 $...
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, 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 133,000 344,000 579,000 804,000 410,000 247,000 $ 2,517,000 $ 134,000 477,000 487,000 802,000 431,000 254,000 $2,585,000 $ 374,000 990,000 1,153,000 $ 2,517,000 $ 331,000 990,000 1,264,000 $2,585,000...
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 $ 127,000 338,000 569,000 866,000 391,000 253,000 $ 2,544,000 $ 130,000 483,000 480,000 847,000 435,000 249,000 $2,624,000 $ 379,000 1,007,000 1,158,000 $ 2,544,000 $ 348,000 1,007,000 1,269,000...
Financial data for Joel de Paris, Inc., for last year follow: Joel de Paris, Inc Balance Sheet Beginning Ending Balance Balance Assets 133,000 483,000 489,000 835,000 435,000 254,000 Cash 131,000 Accounts receivable 349,000 Inventory 562,000 858,000 401,000 250,000 Plant and equipment, net Investment in Buisson, S.A Land (undeveloped) 2,551,000 $ 2,629,000 Total assets Liabilities and Stockholders' Equity Accounts payable Long-term debt Stockholders' equity 371,000 1,036,000 337,000 1,036,000 1,256,000 1,144,000 $ 2,551,000 $ 2,629,000 Total liabilities and stockholders' equity Joel de...
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 $ 135,000 332.000 565,000 888,000 399.000 253,000 $ 2,572,000 $ 125.000 477,000 488,000 870.000 432.000 247,000 $2,639,000 $ 377.000 1,013,000 1,182,000 $ 2,572,000 $ 345.000 1.013.000 1,281,000...
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
$
127,000
$
136,000
Accounts receivable
349,000
484,000
Inventory
569,000
490,000
Plant and equipment, net
835,000
810,000
Investment in Buisson, S.A.
394,000
433,000
Land (undeveloped)
251,000
249,000
Total assets
$
2,525,000
$
2,602,000
Liabilities and Stockholders'
Equity
Accounts payable
$
387,000
$
346,000
Long-term debt
952,000
952,000
Stockholders' equity
1,186,000
1,304,000
Total liabilities and stockholders' equity
$...
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