3 Financial data for Joel de Paris, Inc., for last year follow: Joel de Paris, Inc. Balance Sheet 4 Beginning Balance Ending Balance points eBook 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 Ask $ 136,000 343,000 567,000 854,000 393,000 250,000 $ 2,543,000 132,000 488,000 488,000 832,000 429,000 254,000 $ 2,623,000 $ 377,000 1,000,000 1,166,000 $ 2,543,000 $ 347,000 1,000,000 1,276,000 $ 2,623,000 $ 5,376,000 4,677, 120 698,880 Joel de Paris, Inc. Income Statement Sales Operating expenses Net operating income Interest and taxes: Interest expense $ 125,000 Tax expense 198,000 Net Income 323,000 375,880 $ CE OORRRR The Saved H Chapter 10: Homework 3 Joel de Paris, Inc. Income Statement Sales Operating expenses Net operating income Interest and taxes: Interest expense $ 125,000 Tax expense 198,000 Net income $ 5,376,000 4,677, 120 698,880 4 points 323,000 375,880 $ eBook Ask The company paid dividends of $265,880 last year. The "Investment in Buisson, S.A.." on the balance sheet 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 inter round your final answers to 2 decimal places.) 3. What was the company's residual income last year? 1. 2. Average operating assets Margin Turnover ROI Residual income % 3. Chapter 10: Homework i Saved 4 Comparative data on three companies in the same service industry are given below: Required: 2. Fill in the missing information. (Round the "Turnover" and "ROI" answers to 2 decimal places.) 4 points company eBook B $ Ask $ 3,757,000 $ 676,260 $ 2,210,000 1,236,000 247,200 $ Sales Net operating income Average operating assets Margin Turnover Return on investment (ROI) % % $ 2,600,000 5 % 1.60 % % 8.00