10 points Joel de Paris, Inc. Income Statement Sales Operating expenses Net operating income Interest and taxes Interest expense 5 116,000 Tax expense 201,000 Net income $4,092,000 3,519, 120 572,880 317,000 $ 255,880 Print Heterenons The company paid dividends of $136,880 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. (Round "Margin", "Turnover" and "ROI" to 2 decimal places.) 3. What was the company's residual income last year? 1 2 % Average operating assets Margir Turnover ROI Residual income % 3 Financial data for Joel de Paris, Inc., for last year follow. Joel de Paris, Inc. Balance Sheet Beginning Balance Ending Balance appeo Assets Cash Accounts receivable Inventory 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 $ 135,000 343,000 576,000 786, 008 395,000 249,000 $ 2,484,000 $ 126,000 489,000 478,000 787,000 428,000 253,000 $ 2,561,000 Book Print rences $ 377,000 960,000 1,147,000 52,484,000 $ 335,000 960,000 1,266,000 $ 2,561,000 Joel de Paris, Inc. Income Statement Sales Operating expenses Net operating income Interest and taxes: Interest expense $ 116,000 Tax expense 201,000 Net income $ 4,092,000 3,519, 120 572,880 317,000 255,880 $