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2 years ago

Financial data for Joel de Paris, Inc., for last year follow:

Business

1 answer:

Anon25 [30]2 years ago

8 0

Answer:

Operating profit margin = operating profits ÷ turnover

= 405000 ÷ 4,050,000

= 0.1 = 10%

ROI = Net operating Income/ Average Operating assets

= 405,000 ÷ 1620,000

= 0.25 = 25%

(note: Average operating assets = ( opening operating assets + closing operating assets ) ÷ 2 )

Turnover = sales/ average operating assets

= 4,050,000/ 1620,000

= 2.5

Residual income

minimum required return = minimum required rate of return × average operating assets

= 15% × 1620000

= 243000

Residual income = net operating income - minimum required return

= 162000

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