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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
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 $ 131,000 128,000 482,000 489,000 831,000 429,000 253,000 $2,538,000 2,612,000 339,000 575,000 845,000 394,000 254,000 $ 378,000 343,000 1,012,000 1,257,000 S2, 538,000 2,612,000 1,012, 000 1,148,000 Joel de Paris, Ind Income Statement Sales Operating expenses Net operating income Interest and taxes: S5,157,000 4,486, 590 670, 410 Interest expense Tax expense s 123, 000 191,000 314,000 $ 356, 410 Net income The company paid dividends of $247410 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
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