Joel de Paris, Inc. Balance Sheet Beginning Balance Ending Balance Assets Cash Accounts receivable Inventory Plant...

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Joel de Paris, Inc. Balance Sheet Beginning Balance Ending Balance Assets Cash Accounts receivable Inventory Plant and equipm

business accounting

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Answer 1

Answer #1

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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Answer 2

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