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 $ 130,000 341,000 567.000 812,000 402,600 251,00 $ 2,503,600 5 130,000 477,000 489.ece 794, eee 431,000 249.00 $ 2,570,000 $ 385,080 976,000 1.142,000 $ 2,503, eee 5 334.000 976,00 1,260,000 $ 2,570,000 Joel de Paris, Inc. Income Statement Sales Operating expenses Net operating income Interest and taxes: Interest expense $116,000 Tax expense 201,00 Net income $ 4,488,00 3,814, see 673,200 $ 317.000 356,200 The company paid dividends of $238.200 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? Prey 1 of 2 HA . Scorn answer Help Required information [The following information applies to the questions displayed below) Nick's Novelties, Incorporated, is considering the purchase of new electronic games to place in its amusement houses The games would cost a total of $592,000, have a fifteen-year useful life, and have a total salvage value of $59,200. The company estimates that annual revenues and expenses associated with the games would be as follows: $ 300,000 Revenues Less operating expenses Commissions to amusement houses Insurance Depreciation Maintenance Net operating income $ 70,00 66,000 35,520 90,000 261, 52e $ 38,480 Required: 1a. Compute the payback period associated with the new electronic games. 1b. Assume that Nick's Novelties, Incorporated, will not purchase new games unless they provide a payback period of five years or less. Would the company purchase the new games? Complete this question by entering your answers in the tabs below. Reg 1A Reg 1B Compute the payback period associated with the new electronic games. Payback Period Years