Financial data for Joel de Paris, Inc., for last year follow. Joel de Paris, Inc. Balance Sheet Beginning Balance Ending Balance 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 $ 125,000 337,000 565,000 842,000 393, 000 247,000 $2,510,000 $ 135,000 478,000 490,000 807.000 428,000 245,000 52,583,000 $ 373,000 1,008,000 1. 129,000 $2,510,000 $ 343,000 1,000,000 1, 232,000 $2,583,000 Joel de Paris, Inc. Income Statement Sales Operating expenses Not operating income Interest and taxes Interest expense $ 112,800 Tax expense 200,000 Not income $4.536.000 3. 991,680 544,320 320.000 $ 224,320 The company paid dividends of $121,320 last year, The "Investment in Bulsson, SA" 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 (Do not found intermediate calculations and round your final answers to 2 decimal places.) 2 What was the company's residual income last year? Prey 44 $2,510,000 245.000 $2,583,000 Total Sels Liabilities and Stockholders' Equity Accounts payable Long-term debt Stockholders' equity Total liabilities and stockholders' equity $ 373,000 1,000,000 1, 129,000 $2,519,000 $ 343,000 1,000,000 1, 232,000 $2,583,000 Joel de Paris, Inc. Income Statement Sales Operating expenses Net operating income Interest and taxes: Interest expense $ 112,000 Tax expense 208,000 Net income $4,536,000 3,991, 680 544,320 320,000 224, 320 $ The company paid dividends of $121,320 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 (Rol) for last year (Do not round intermediate calculations and round your final answers to 2 decimal places.) 3. What was the company's residual income last year? 1 2 56 Average operating assets Margin Turnover ROI Residual income 3