123 pls

PROBLEM 1117 Return on investment (RON) and Residual income L01-1L01-2 Financial data for Joel de Paris, Ise, forast year follow Joal de Paris. In Balance Sheet Beginning Ents Balance Balance Aneh Cach $ 340,000 $ 120,000 Accounts receivable 450.000 530.000 Investy 320,000 380,000 Past and equipment, et 630,000 620,000 Lestment in Buiton, SA 230,000 200,000 Land anwloped 180,000 170.000 Total assets 12.020,000 $2,000,000 Liabilities and Stockholders' Equity Accounts payable $ 350,000 $ 310,000 Longterm debe 1,500,000 1.500.000 Stockholders' equity 150,000 290,000 Total siblities and mockholders equity 32.020,000 $2.000.000 Joel de Paris. Inc Income Statement Sales S4.050,000 Operating expertise 3.645.000 Net operating income 405.000 Interest and taas Internet expeco 3150.000 Tax expecte 110,000_260.000 Not income 315.000 The company paid Sridents of S15,000 last year. The Istment in Buisson SA," on the balance that represents as is estimat is the socket another compens. The company's misimam required rate of return of 15%. Required: 1. Compare the compet's se operating assets for last yeat. Page 329 2. Compare the company's marja, trover, and return ca foutmat (RON) for last year. Hunt Sacultyo me suite ce si operating income in your calcatis?) 3. What was the company's residual income last year