The company paid dividends of $375,480 last year. The “Investment in Buisson, S.
ID: 2473951 • Letter: T
Question
The company paid dividends of $375,480 last year. The “Investment in Buisson, S.A.,” on the balance sheet represents an investment in the stock of another company.
Compute the company’s margin, turnover, and return on investment (ROI) for last year. (Round your Turnover answer to 1 decimal place. Round your Margin and ROI percentage answers to 1 decimal place (i.e 0.123 should be entered as 12.3.))
The board of directors of Joel de Paris, Inc., has set a minimum required rate of return of 21%. What was the company’s residual income last year?
Financial data for Joel de Paris, Inc., for last year follow:Explanation / Answer
assuming sales 5000000 margin 9.85% turnover 10.33 ROI 21.89%