6 Financial data for Joel de Paris, Inc., for last year follow: Assets Cash Accounts receivable Joel de Paris, Inc. Balance Sheet Beginning Balance 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 Joel de Paris, Inc. Income Statement $ 4,850,000 3,977,000 873,000 Sales Operating expenses Interest and taxes: Tax expense Net operating income Interest expense Net income $ 114,000 198,000 312,000 $ 561,000 Ending Balance 133,000 $ 130,000 336,000 471,000 565,000 471,000 886,000 888,000 401,000 426,000 253,000 254,000 $2,574,000 $ 2,640,000 $ 390,000 $ 338,000 1,001,000 1,001,000 1,183,000 $2,574,000 1,301,000 $ 2,640,000 The company paid dividends of $443,000 last year. The "Investment in Buisson, S.A.," on the balance sh in the stock of another company. The company's minimum required rate of return of 15%. Required: Sales Joel de Paris, Inc. Income Statement Operating expenses Net operating income Interest and taxes: Tax expense Interest expense Net income $114,000 198,000 $4,850,000 3,977,000 873,000 312,000 $ 561,000 Saved The company paid dividends of $443,000 last year. The "Investment in Buisson, S.A," on the balance sheet represents an investm 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 round your final answers to 2 decimal places.) 3. What was the company's residual income last year? 1. Average operating assets 2. Margin 3. Tumover RO Residual income 20 2 % W % $ 95 % 4 54 #3 EL S D MacBook Pro G Search or type URL 66 & 7 . 8 R T Y U 61 LL F G H J K 0 0