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Financial data for Joel de Paris, Inc., for last year follow Joel de Paris, Inc. Balance Sheet Assets Cash Accounts receivable Inventory Plant and equipment,

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Financial data for Joel de Paris, Inc., for last year follow Joel de Paris, Inc. Balance Sheet Assets Cash Accounts receivable Inventory Plant and equipment, net Investment in Buisson, SA Land (undeveloped) Total assets Liabilities and Stockholders' Equity Accounts payable Long term debit Stockholders' equity Total abilities and stockholders' equity Beginning Ending Balance Balance 126.000 $ 134.000 346.000 471.000 570.000 479.000 868.000 866.000 407.000 429.000 248.000 246 000 $ 2,565.000 $ 2,625.000 $ 383.000 1,001,000 1,181,000 $ 2,565.000 $ 334.000 1.001.000 1.200.000 $ 2,625,000 Joel de Paris, Inc Income Statement Sales Operating expenses Net operating income Interest and taxes: Interest expense $ 119,000 Tax expense 185000 Net income $ 4.632,000 3.983.520 548.480 315.000 S 333,480 The company paid dividends of $224,480 last year. The "Investment in Bulsson, 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 (Ron for last year. (Round "Margin", "Turnover" and "Ror to 2 decimal places.) 3. What was the company's residual income last year? hape Pezto meducation commodoretsSinglepressing tontor2. SportSubmission w 1828271657728TPISWd=1328279830 12 7/30/2021 Assigment Prie View 1 2 Average operating assets Margin Turnover ROI Residual income 5 3

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