Financial data for Joel de Paris, Incorporated, for last year follow: Joel de Paris, Incorporated...
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Financial data for Joel de Paris, Incorporated, for last year follow: Joel de Paris, Incorporated Balance Sheet Beginning Balance Assets Cash $ 130,000 Accounts receivable 341,000 Inventory 572,000 Plant and equipment, net 797,000 Investment in Buisson, S.A. 393,000 Land (undeveloped) 253,000 Total assets $ 2,486,000 Liabilities and Stockholders' Equity Accounts payable $ 380,000 Long-term debt 996,000 Stockholders' equity 1,110,000 Total liabilities and stockholders' equity $ 2,486,000 Ending Balance $ 131,000 488,000 484,000 777,000 430,000 246,000 $ 2,556,000 $ 333,000 996,000 1,227,000 $ 2,556,000 Joel de Paris, Incorporated Income Statement Sales $ 4,464,000 Operating expenses 3,794,400 Net operating income 669,600 Interest and taxes: Interest expense $ 123,000 Tax expense 197,000 320,000 Net income $ 349,600 Joel de Paris, Incorporated Income Statement Sales $ 4,464,000 Operating expenses 3.794.400 Net operating income 669,600 Interest and taxes Interest expense $ 123,000 Tax expense 197.000 320.000 Net Income $ 349,600 The company paid dividends of $232,600 last year. The "Investment in Bulsson, 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 tast year (Round "Margin", "Turnover" and "ROI" to 2 decimal places.) 3. What was the company's residual income last year? % 1. Average operating assets 2. Margin 2. Turnover 2. ROI 3. Residual income %


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