Ending Balance $ beginning Balance Assets Cash 126,000 $ Accounts receivable 331,000 Inventory 564,000 Plant and equipment, net 889,000 Investment in Buisson, S.A. 408,000 Land (undeveloped) 254,000 Total assets $ 2,572,000 $ Liabilities and Stockholders' Equity Accounts payable 385,000 $ Long-term debt 987.000 Stockholders' equity 1,200,000 Total liabilities and stockholders' equity $ 2,572,000 $ 135,000 480,000 487,000 848,000 425,000 250,000 2,625,000 $ 331,000 987,000 1,307,000 2,625,000 Joel de Paris, Inc. Income Statement $ 4,053,000 3,485,580 567,420 Sales Operating expenses Net operating income Interest and taxes: Interest expense Tax expense Net income 129,000 194,000 $ 323,000 244,420 $ 4,053,000 3.485,580 567,420 Sales Operating expenses Net operating income Interest and taxes: Interest expense Tax expense Net income 129,000 194,000 323.000 244,420 s The company paid dividends of $137,420 last year. The "Investment in Buisson, SA." on the balance sheet represents an investment in the stock of another company Required: 1. Compute the company's margin, turnover, and return on investment (ROI) for last year. (Round your answers to 1 decimal place.) Margin Tumover ROI 2.10 times % 2. The board of directors of Joel de Paris, Inc. has set a minimum required rate of return of 21% What was the company's residual income last year? 5 Net operating income Minimum required return Residual income 567 420 405.300 162,120 S O BE Type here to search