Financial data for Joel de Paris, Inc., for last year follow: Joel de Paris, Inc...
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Financial data for Joel de Paris, Inc., for last year follow: Joel de Paris, Inc Balance Sheet Beginning Ending Balance Balance Assets Cash 128,000 136,000 480,000 Accounts receivable 346,000 572,000 854,000 397,000 248,000 $ 2,545,000 Inventory Plant and equipment, net Investment in Buisson, s.A. Land (undeveloped) 481,000 843,000 425,000 246,000 $ 2,611,000 Total assets Liabilities and Stockholders' Equity Accounts payable 378,000 976,000 1,191,000 338,000 976,000 Long-term debt Stockholders' equity 1,297,000 $ 2,611,000 $2,545,000 Total liabilities and stockholders' equity Joel de Paris, Inc Income Statement Sales $ 4,608,000 3,824,640 783,360 Operating expenses Net operating income Interest and taxes: $ 125,000 205,000 Interest expense xpense 330,000 Net income 453,360 The company paid dividends of $347,360 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% Required: 1. Compute the company's average operating assets for last year. 2. Compute the company's margin, turnover, and return on investment (ROI) for last year. (Round "Margin", "Turnover" and "ROI" to 2 decimal places.) 3. What was the company's residual income last year? Average operating assets Margin Turnover 1. 2. % ROI 3. Residual income
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