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 Sales Operating expenses Net operating income Interest and taxes: Interest expense Tax expense Net income 1. 2 Joel de Paris, Inc. Income Statement 3. Balance Sheet Average operating assets Margin Turnover ROI $ 118,000 206,000 Residual income $ 5,184,000 4,354,560 829,440 345 $ 324.000 585,440 9-6 Beginning Balance 96 $ 130,000 334,000 568,000 868,000 394,000 251,000 $ 2,545,000 The company paid dividends of $394.440 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? $ 131,000 474,000 482,000 853,000 431,000 248,000 $ 2,619,000 Ending Balance 381,000 $ 999,000 344,000 999,000 1,276,000 1,165,000 $ 2,545,000 $ 2,619,000 4

in the stock of onother company The compony's minum recuired rate of return of 15 \% Required: 1. Conpute the companys averoge operating assets for last year 2 Compute the componys morgin, turnover, and return on investment (RO) for lostyest (Round "Margin". "Turnover" and "ROI" to 2 decimal places.) 3. What was the comoany/s resicual income astyeor