Balance Sheet Beginning Balance Ending Balance $ 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 128,000 346,000 573,000 803,000 406,000 250,000 2,506, 000 $ 133,000 478,000 479,000 800,000 434,000 246,000 $ 2,570,000 $ $ 379,000 1,015,000 1,112,000 $ 2,506,000 $ 332,000 1,015,000 1,223,000 $2,570,000 Joel de Paris, Inc. Income Statement Sales Operating expenses Net operating income Interest and taxes: Interest expense $ 112,000 Tax expense 193,000 Net income $ 5,049,000 - 4,392,630 656, 370 305,000 351, 370 $ The company paid dividends of $240,370 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? 1. 2. Average operating assets Margin Turnover ROI Residual income Prey 1 of 3 !! Next >