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Financial data for Joel de Paris, Incorporated, for last year follow Joel de Paris, Incorporated Assets Cash Accounts receivable Inventory Plant and equipment, net Balance
Financial data for Joel de Paris, Incorporated, for last year follow Joel de Paris, Incorporated Assets Cash Accounts receivable Inventory Plant and equipment, net Balance Sheet Beginning Balance Ending Balance $ 133,000 $130,000 343,000 471,000 560,000 489,000 794,000 780,000 403,000 434,000 247,000 253,000 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 $ 2,480,000 $371,000 963,000 1,146,000 $2,480,000 $ 2,557,000 $340,000 963,000 1,254,000 $ 2,557,000 Sales Joel de Paris, Incorporated Income Statement Operating expenses Net operating income Interest and taxes: Interest expense Tax expense Net income $112,000 190,000 $ 4,810,000 4,232,800 577,200 302,000 $275,200 The company paid dividends of $167.200 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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