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Financial data for Joel de Paris, Inc., for last year follow: Joel de Paris, Inc. Balance Sheet Beginning Balance Ending Balance Assets Cash Accounts receivable Inventory Plant and equipment, net Investment in Buisson, S.A. Land (undeveloped) Total assets Liabilities and Stockholders' Equity Accounts payable Long-term debt Stockholders' equity Total liabilities and stockholders' equity $ 134,000 348,000 577,800 81 , 404,000 248,000 $ 2,512,000 $ 131,000 484,000 478,000 87 , 435,000 253,000 $ 2,588,000 $ 373,000 1,014,000 1,125,000 $ 2,512,000 333,000 1,014,000 1,241,000 $ $ 2,588,800 Joel de Paris, Inc. Income Statement Sales Operating expenses Net operating income Interest and taxes: Interest expense $ 118,000 Tax rense 191.000 Net income $ 5,076,000 4,314,600 761,400 309.000 452,400 400,00 761,400 Uperating expenses Net operating inco Interest and taxes Interest expense Tax expense Net Income $ 118,000 191,000 309,000 452,400 $ Book D The company paid dividends of $336,400 last year. The "Investment in Bulsson, SA 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 (RON) for last year. (Do not round intermediate calculations and round your final answers to 2 decimal places.) 3. What was the company's residual income last year? erence 1 2 Average operating assets Man Turnover ROI 3 Resdual income

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