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Financial data for Joel de Paris, Inc., for last year follow: Assets Cash Accounts receivable Inventory Plant and equipment, net Joel de Paris, Inc. Balance
Financial data for Joel de Paris, Inc., for last year follow: Assets Cash Accounts receivable Inventory Plant and equipment, net Joel de Paris, Inc. Balance Sheet Beginning Ending Balance Balance $ 131,000 $ 132,000 344,000 487,000 570,000 489,000 805,000 782,000 403,000 426,000 248,000 247,000 $ 2,501,000 $ 2,563,000 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 Sales Joel de Paris, Inc. Income Statement Operating expenses Net operating income Interest and taxes: Interest expense Tax expense Net income $ 3,740,000 3,253,800 486,200 $ 124,000 207,000 331,000 $ 155,200 $ 374,000 $ 348,000 992,000 1,135,000 $ 2,501,000 992,000 1,223,000 $ 2,563,000 The company paid dividends of $67,200 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. Average operating assets 2. Margin Turnover ROI 3. Residual income % %
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