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Financial data for Joel de Paris, Inc., for last year follow Joel de Paris, Inc Balance Sheet Ending Balance Beginning Bal ance Assets Cash Accounts
Financial data for Joel de Paris, Inc., for last year follow Joel de Paris, Inc Balance Sheet Ending Balance Beginning Bal ance Assets Cash Accounts receivable Invent ory Plant and equipment, net Investment in Buisson, S.A Land (undeveloped) Total assets Liabilities and Stockhol ders' Equity Accounts payable Long-term debt Stockholders' equity Total liabilities and stockholders' equity $ 133,000 131,000 488,000 489,000 812,000 434,000 254,000 $2,540,000 $ 2,608,000 336,000 574,000 837,000 410,000 250,000 $377,000 $ 337,000 1,044,000 1,227,000 $2,540,000 $ 2,608,000 1,044,000 1,119,000 Joel de Paris, Inc Income Statement 4,750, 000 4,085,000 665,000 Sales Operat ing expenses Net operat ing income Interest and taxes $111,000 193,000 Interest expense Tax expense 304,000 361,000 Net income The company paid dividends of $253,000 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%. 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 Average operating assets 2. Margin Turnover ROI 3. Residual income
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