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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

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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 Inventory Plant and equipment, net Investment in Buisson, S.A. Land (undeveloped) 135,000 350,000 564,000 861,000 392,000 245,000 $ 130,000 473,000 486,000 853,000 432,000 245,000 Total assets $2,547,000 $2,627,000 Liabilities and Stoekholders' Equity Accounts payable Long-term debt Stockholdera' equity 372,000 1,002,000 1,173,000 342,000 1,002,000 1,283,000 $2,627,000 Total liabilities and stockholders' equity $2,547,000 Joel de Paris, Inc. Income Statenent $ 4,246,000 3,694,020 551,980 Sales Operating expenses Net operating income Interest and taxes: $ 121,000 210,000 Interest expense 331,000 220,980 Tax expense Net incone The company paid dividends of $110,980 last year. The "Investment in Buisson, S.A.," on the balance sheet represents an investment in The comnan/e minimum ransirad rate f raturn nf 1E Joel de Paris, Inc. Income Statenent $ 4,246,000 3,694,020 551,980 Sales Operating expenses Net operating income Interest and taxes $ 121,000 210,000 Interest expense 331,000 220,980 Tax expense Net income The company paid dividends of $110,980 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. (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. Average operating assets 2. Margin Turnover ROI 3. Residual income

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