Chapter 11 Homework a Saved 6 Financial data for Joel de Paris, Inc., for last year follow: Joel de Paris, Inc. Balance Sheet 8.35 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 $ 133,000 336,000 577,000 864,000 406,000 250,000 $ 2,566,000 $ 137,000 480,000 474,000 859,000 428,000 245,000 $ 2,623,000 Print References $ 385,000 1,026,000 1,155,000 $ 2,566,000 335,000 1,026,000 1,262,000 $ 2,623,000 Joel de Paris, Inc. Income Statement Sales Operating expenses Net operating income Interest and taxes: Interest expense $ 111,000 Tax expense 206,000 Net income $ 4,825,000 4,101,250 723,750 317,000 406,750 $ The company paid dividends of $299,750 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. 15.00% Average operating assets Margin Turnover ROI Residual income % 3