The company paid dividends of $372,040 last year. The Investment in Buisson, S.A., on the...
70.2K
Verified Solution
Link Copied!
Question
Accounting
The company paid dividends of $372,040 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 of 15%.
Compute the company's average operating assets for last year. Compute the companys margin, turnover, and return on investment (ROI) for last year. Note: Round "Margin", "Turnover" and "ROI" to 2 decimal places. What was the companys residual income last year?
\begin{tabular}{|l|l|l|} \hline 1. Average operating assets & & \\ \hline 2. Margin & & % \\ \hline 2. Turnover & & \\ \hline 2. ROI & & % \\ \hline 3. Residual income & & \\ \hline \end{tabular}
