10 10 Financial data for Joel de Paris, Inc., for last year follow: 10 points eBook Print References Assots Cash Accounts receivable. Inventory Plant and equipment, net Investment in Buisson, S.A. Land (undeveloped) Total assets Joel de Paris, Inc. Balance Sheet Beginning Balance Ending Balance 127,000 $ 127,000 330,000 485,000 579,000 478,000 824,000 810,000 396,000 433,000 246,000 245,000 Liabilities and Stockholders' Equity Accounts payable Long-term debt Stockholders' equity Total liabilities and stockholders' equity $2.502,000 $2,578,000 $ 371,000 $ 342,000 1,006,000 1,125,000 $2,502,000 1,006,000 1,230,000 $2,578,000 Sales Joel de Paris, Inc. Income Statement Operating expenses Net operating income Interest and taxes: Interest expense. Tax expense Net income $112,000 207,000 $ 5,076,000 4,213,080 862,920 319,000 $ 543,920 10 10 Operating expenses Net operating income Interest and taxes: Interest expense Tax expense Net incone 10 points 4,213,080 862,920 $112,000 207,000 319,000 543,920 eBook Print References The company paid dividends of $438,920 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 Tumover 3. RO Residual income: % %