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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 $ 137,000 127,000 481,000 479,000 803,000 433,000 246, 000 $ 2,486,000 $ 2,569,e00 342,000 573,000 798,800 390,800 246,000 $ 383,000 335,000 1,050,000 1,053,8001,184,009 $2,486,000 2,569,000 1,e50,800 Joel de Paris, Inc. Income Statement Sales Operating expenses Net operating income Interest and taxes: $ 4,114,000 3,579,180 534, 820 Interest expense Tax expense S 129,0e0 209,000 338,000 $196,820 Net income The company paid dividends of $65,820 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% The company paid dividends of $65,820 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.) . What was the company's residual income last year? Average operating assets 2. Margin Turnover ROI 3. Residual income
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