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
$
131,000
Accounts receivable
336,000
489,000
Inventory
577,000
489,000
Plant and equipment, net
842,000
821,000
Investment in Buisson, S.A.
407,000
427,000
Land (undeveloped)
246,000
255,000
Total assets
$
2,543,000
$
2,612,000
Liabilities and Stockholders'
Equity
Accounts payable
$
375,000
$
330,000
Long-term debt
976,000
976,000
Stockholders' equity
1,192,000
1,306,000
Total liabilities and stockholders' equity
$...
Problem 11-15 Return on Investment (ROI) and Residual Income
[LO11-1, LO11-2]
Financial data for Joel de...
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:
Joel de Paris, Inc.
Balance Sheet
Beginning
Balance
Ending
Balance
Assets
Cash
$
126,000
$
133,000
Accounts receivable
334,000
489,000
Inventory
572,000
478,000
Plant and equipment, net
828,000
800,000
Investment in Buisson, S.A.
402,000
430,000
Land (undeveloped)
249,000
255,000
Total assets
$
2,511,000
$
2,585,000
Liabilities and Stockholders'
Equity
Accounts payable
$
374,000
$
346,000
Long-term debt
1,041,000...
Problem 11-15 Return on Investment (ROI) and Residual Income
[LO11-1, LO11-2]
Financial data for Joel de...
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:
Joel de Paris, Inc.
Balance Sheet
Beginning
Balance
Ending
Balance
Assets
Cash
$
140,000
$
125,000
Accounts receivable
343,000
473,000
Inventory
567,000
479,000
Plant and equipment, net
820,000
833,000
Investment in Buisson, S.A.
401,000
429,000
Land (undeveloped)
247,000
245,000
Total assets
$
2,518,000
$
2,584,000
Liabilities and Stockholders'
Equity
Accounts payable
$
380,000
$
341,000
Long-term debt
1,041,000...
Problem 11-15 Return on Investment (ROI) and Residual Income
[LO11-1, LO11-2]
Financial data
for Joel de...
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:
Joel de Paris, Inc.
Balance Sheet
Beginning
Balance
Ending
Balance
Assets
Cash
$
133,000
$
139,000
Accounts receivable
339,000
488,000
Inventory
567,000
484,000
Plant and equipment, net
791,000
759,000
Investment in Buisson, S.A.
402,000
427,000
Land
(undeveloped)
247,000
247,000
Total assets
$
2,479,000
$
2,544,000
Liabilities and Stockholders' Equity
Accounts payable
$
372,000
$
346,000
Long-term debt
1,014,000...
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
$
133,000
$
131,000
Accounts receivable
342,000
480,000
Inventory
575,000
471,000
Plant and equipment, net
790,000
798,000
Investment in Buisson, S.A.
391,000
435,000
Land (undeveloped)
253,000
255,000
Total assets
$
2,484,000
$
2,570,000
Liabilities
and Stockholders' Equity
Accounts payable
$
389,000
$
334,000
Long-term debt
951,000
951,000
Stockholders' equity
1,144,000
1,285,000
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 $ 137,000 $ 139,000 Accounts receivable 345,000 489,000
Inventory 572,000 481,000 Plant and equipment, net 816,000 801,000
Investment in Buisson, S.A. 409,000 431,000 Land (undeveloped)
254,000 249,000 Total assets $ 2,533,000 $ 2,590,000 Liabilities
and Stockholders' Equity Accounts payable $ 375,000 $ 338,000
Long-term debt 992,000 992,000 Stockholders' equity 1,166,000
1,260,000 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
$
132,000
$
138,000
Accounts receivable
333,000
477,000
Inventory
562,000
479,000
Plant and equipment, net
873,000
846,000
Investment in Buisson, S.A.
410,000
430,000
Land (undeveloped)
251,000
255,000
Total assets
$
2,561,000
$
2,625,000
Liabilities and Stockholders'
Equity
Accounts payable
$
383,000
$
340,000
Long-term debt
989,000
989,000
Stockholders' equity
1,189,000
1,296,000
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
$
140,000
$
128,000
Accounts receivable
339,000
489,000
Inventory
561,000
474,000
Plant and equipment, net
870,000
859,000
Investment in Buisson, S.A.
393,000
432,000
Land (undeveloped)
254,000
253,000
Total assets
$
2,557,000
$
2,635,000
Liabilities and Stockholders'
Equity
Accounts payable
$
389,000
$
332,000
Long-term debt
1,018,000
1,018,000
Stockholders' equity
1,150,000
1,285,000
Total liabilities and stockholders' equity
$...
Please show me step by step for better understanding.
Exercise 10-9 Return on Investment (ROI) and...
Please show me step by step for better understanding.
Exercise 10-9 Return on Investment (ROI) and Residual Income
Relations [LO10-1, LO10-2]
A family friend has asked your help in analyzing the operations
of three anonymous companies operating in the same service sector
industry. Supply the missing data in the table below: (Loss
amounts should be indicated by a minus sign. Round your percentage
answers to nearest whole percent.)
Company
A
B
C
Sales
$9,000,000
$7,000,000
$4,500,000
Net operating income
$280,000...
Westerville Company reported the following results from last
year’s operations:
Sales $ 1,500,000
Variable...
Westerville Company reported the following results from last
year’s operations:
Sales $ 1,500,000
Variable expenses 690,000
Contribution margin 810,000
Fixed expenses 435,000
Net operating income $ 375,000
Average operating assets $ 1,250,000
At the beginning of this year, the company has a $350,000
investment opportunity with the following cost and revenue
characteristics:
Sales $ 420,000
Contribution margin ratio 70 %
of sales
Fixed expenses $ 252,000
The company’s minimum required...