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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 $ 136,000 334,000 562,000 848,000 394,000 252,000 $ 2,526,000 130,000 474,000 486,000 830,000 426,000 249,000 $ 2,595,000 UF 389,000 987,000 1,150,000 $ 2,526,000 $ 348,000 987,000 1, 260,000 $ 2,595,000 Joel de Paris, Inc. Income Statement $ 4,940,000 4,050, 800 889, 200 Sales Operating expenses Net operating income Interest and taxes: Interest expense Tax expense Net income 129,000 194,000 323,000 566,200 The company paid dividends of $456,200 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
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