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

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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 Accounts receivable Inventory $132,000 $ 131,000 333,000 481,000 570,000 482,000 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 825,000 806,000 392,000 430,000 246,000 253,000 $2,498,000 $2,583,000 $375,000 $ 335,000 994,000 994,000 1,129,000 $2,498,000 1,254,000 $2,583,000 Joel de Paris, Inc. Income Statement Sales Operating expenses Interest and taxes: Net operating income Interest expense Tax expense Net income $4,888,000 4,252,560 635,440 $130,000 207,000 337,000 $ 298,440 The company paid dividends of $173,440 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 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? 1. Average operating assets 2 Margin 3 Tumover ROI Residual income % % Financial data for Joel de Paris, Inc., for last year follow: Joel de Paris, Inc. Balance Sheet Beginning Ending Balance Balance Assets Cash Accounts receivable Inventory $132,000 $ 131,000 333,000 481,000 570,000 482,000 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 825,000 806,000 392,000 430,000 246,000 253,000 $2,498,000 $2,583,000 $375,000 $ 335,000 994,000 994,000 1,129,000 $2,498,000 1,254,000 $2,583,000 Joel de Paris, Inc. Income Statement Sales Operating expenses Interest and taxes: Net operating income Interest expense Tax expense Net income $4,888,000 4,252,560 635,440 $130,000 207,000 337,000 $ 298,440 The company paid dividends of $173,440 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 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? 1. Average operating assets 2 Margin 3 Tumover ROI Residual income % %