16 10 points Skipped eBook Print References Financial data for Joel de Paris, Incorporated, for last year follow: Joel de Paris, Incorporated Balance Sheet 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 Joel de Paris, Incorporated Income Statement $ 378,000 1,043,000 1,143,000 Total liabilities and stockholders' equity $ 2,564,000 Sales Operating expenses Net operating income Interest and taxes: Interest expense Tax expense Net income $ 115,000 210,000 1. Average operating assets 2. Margin 2. Turnover 2. ROI 3. Residual income Beginning Balance $ 139,000 347,000 576,000 858,000 396,000 248,000 $ 2,564,000 $ 4,074,000 3,381,420 692,580 325,000 $367,580 % % Ending Balance The company paid dividends of $256,580 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 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. Note: Round "Margin", "Turnover" and "ROI" to 2 decimal places. 3. What was the company's residual income last year? $ 125,000 470,000 471,000 894,000 429,000 254,000 $ 2,643,000 $ 346,000 1,043,000 1,254,000 $ 2,643,000

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