Ch. 10 Homework (HW 910) Seed 4 Joel de Paris, Ine. Balance Sheet Beginning Balance Ending Balance 3 points Assets Cash Accounts receivable Tnventory Plant and equipment, net Investment in Buisson, S.A. Land (undeveloped) Total assets Liabilities and Stockholders' Equity Accounts payable Long-term debt stockholdere equity Total liabilities and stockholders' equity $ 131,000 337,000 564,000 838,000 407.000 251,000 $ 2,528.000 $ 126,000 472,000 482,000 830,000 427,000 253,000 $ 2,590,000 elbook Print $ 389,000 1,001,000 1.138.000 $ 2,528,000 $ 333,000 1,001,000 1.256.000 $ 2.590,000 Retorences Joel de Paris, Ine. Income statement Sales Operating expenses Net operating Income Interest and takes Interest expense $ 129,000 Tax expense 208.000 Net Income $ 4,725,000 4,110,750 614,250 337,000 $ 277,250 The company paid dividends of $159,250 last year. The "Investment in Buisson, S.A." on the balance sheet represents on 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. (Do not round intermediate calculations and round your final answers to 2 decimal places.) 3. What was the company's residual income last year? Required: 1. Compute the company's average operating assets for last year. 2. Compute the company's margin, turnover, and return on investm and 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 % 3. Residual income