Financial data for Joel de Paris, Inc., for last year follow: Joel de Paris, Inc. Balance Sheet Beginning Balance Ending Balance Assets 120,000 530,000 380,000 620,000 280,000 170,000 $ 2,100,000 Cash 140,000 450,000 320,000 680,000 250,000 180,000 $ 2,020,000 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 360,000 1,500,000 160,000 $ 2,020,000 310,000 1,500,000 290,000 $ 2,100,000 Total liabilities and stockholders' equity Joel de Paris, Inc. Income Statement $ 4,050,000 3,645,000 405,000 Sales Operating expenses Net operating income Interest and taxes: Interest expense $ 150,000 110,000 xpense 260,000 145,000 Net income The company paid dividends of $15,000 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 "Turnover" to 1 decimal place.) 3. What was the company's residual income last year? Average operating assets 1. 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 "Turnover" to 1 decimal place.) 3. What was the company's residual income last year? Average operating assets 1. 2. Margin Turnover ROI Residual income 3. 9 of 9 Next > Prev