1 Financial data for Joel de Paris, Incorporated, for last year follow: Joel de Paris, Incorporated Balance Sheet 10 points Skipped Assets Cash Accounts receivable Inventory Plant and equipment, net Investment in Buisson, S.A. eBook Land (undeveloped) Print References Total assets Liabilities and Stockholders' Equity Accounts payable Long-term debt Stockholders' equity Total liabilities and stockholders' equity Beginning Balance $ 134,000 Ending Balance $ 125,000 341,000 566,000 789,000 408,000 246,000 $ 2,484,000 $ 379,000 1,045,000 1,060,000 $ 2,484,000 486,000 483,000 776,000 427,000 249,000 $ 2,546,000 $ 340,000 1,045,000 1,161,000 $ 2,546,000 Joel de Paris, Incorporated Income Statement Sales $ 4,440,000 Operating expenses Net operating income 3,907,200 532,800 Interest and taxes: $ 128,000 209,000 337,000 $ 195,800 Interest expense Tax expense Net income The company paid dividends of $94,800 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: Ch 1 Joel de Paris, Incorporated Income Statement Sales Operating expenses $ 4,440,000 3,907,200 10 Net operating income 532,800 points Interest and taxes: Interest expense $ 128,000 Skipped Tax expense 209,000 337,000 Net income $ 195,800 eBook Print References The company paid dividends of $94,800 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. (Do not round intermediate calculations and round your final answers 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 % Check my wo