Assets Cash Accounts receivable Inventory Plant and equipment, net Investment in Buisson, S.A. Land (undeveloped) Total assets Joel de Paris, Incorporated Balance Sheet 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 Joel de Paris, Incorporated Income Statement $ 150,000 110,000 $ 4,050,000 3,645,000 405,000 260,000 $ 145,000 Beginning Balance $ 140,000 450,000 320,000 680,000 250,000 180,000 $ 2,020,000 $360,000 1,500,000 160,000 $ 2,020,000 Ending Balance $ 120,000 530,000 380,000 620,000 280,000 170,000 $ 2,100,000 $ 310,000 1,500,000 290,000 $ 2,100,000

Joel de Paris, Incorporated Income Statement The company paid dividends of $15,000 last year. The "Investment in Buisson, S.A.; on the balance sheet represents an investment in the stock of another company. The company's thinimum 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 "Turnover" to 1 decimal place.) 3. What was the company's residual income last year