Financial data for Joel de Paris, Incorporated, for last year follow:
Joel de Paris, Incorporated
Balance Sheet
Beginning Balance Ending Balance
Assets
Cash $ $
Accounts receivable
Inventory
Plant and equipment, net
Investment in Buisson, SA
Land undeveloped
Total assets $ $
Liabilities and Stockholders' Equity
Accounts payable $ $
Longterm debt
Stockholders' equity
Total liabilities and stockholders' equity $ $
Joel de Paris, Incorporated
Income Statement
Sales $
Operating expenses
Net operating income
Interest and taxes:
Interest expense $
Tax expense
Net income $
The company paid dividends of $ last year. The Investment in Buisson, SA on the balance sheet represents an investment in the stock of another company. The company's minimum required rate of return of Required:
Compute the company's average operating assets for last year.
Compute the company's margin, turnover, and return on investment ROI for last year. Round "Margin", "Turnover" and "ROI" to
decimal places.
What was the company's residual income last year?