Financial data for Joel de Paris, Incorporated, for last year follow: The company paid dividends...
90.2K
Verified Solution
Link Copied!
Question
Accounting
Financial data for Joel de Paris, Incorporated, for last year follow:
The company paid dividends of $222,480 last year. The Investment in Buisson, S.A., on the balance sheet represents an investment in the stock of another company. The company's minimum required rate of return 15%.
Required:
Compute the company's average operating assets for last year.
2. Compute the companys margin, turnover, and return on investment (ROI) for last year. Note: Round "Margin", "Turnover" and "ROI" to 2 decimal places.
3. What was the companys residual income last year?