Ch 11 Exercises Saved 5 Financial data for Joel de Paris, Inc., for last year follow: Joel de Paris, Inc. Balance Sheet 10 points Beginning Balance Ending Balance $ eBook 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 $ 138,000 350,000 578,000 794,000 407,000 250,000 $2,517,000 130,000 482,000 483,000 805,000 429,000 250,000 $ 2,579,000 Print $ 383,000 1,009,000 1,125,000 $ 2,517,000 $ 340,000 1,009,000 1,230,000 $ 2,579,000 References Joel de Paris, Inc. Income Statement Sales Operating expenses Net operating income Interest and taxes: Interest expense $ 116,00 Tax expense 191,000 Net income $ 4,512,000 3,880,320 631,680 307,000 $ 324,680 The company paid dividends of $219,680 last year. The "Investment in Buisson, S.A.," on the balance sheet represent in the stock of another company. The company's minimum required rate of return of 15%. 0 points Joel de Paris, Inc. Income Statement Sales Operating expenses Net operating income Interest and taxes: Interest expense $116,000 Tax expense 191,000 Net income $4,512,000 3,880,320 631,680 eBook 307,000 $ 324,680 Print References The company pold dividends of $219,680 last year. The "Investment in Bulsson, 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 (Ron for last year. (Round "Margin", "Turnover" and "Ror to 2 decimal places.) 3. What was the company's residual income last year? 1. 2 % Average operating assets Margin Turnover ROI Residual income 3