Financial data for Joel de Paris, Incorporated, for last year follow: Joel de Paris, Incorporated Balance Sheet Assets Cash Accounts receivable Inventory Plant and equipment, net Beginning Balance $ 131,000 333,000 Ending Balance $ 137,000 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 579,000 827,000 393,000 250,000 $ 2,513,000 $ 385,000 986,000 1,142,000 $ 2,513,000 472,000 488,000 813,000 430,000 251,000 $ 2,591,000 $ 344,000 986,000 1,261,000 $ 2,591,000 Joel de Paris, Incorporated Income Statement Sales Operating expenses $ 5,103,000 4,184,460 Net operating income 918,540 Interest and taxes: $ 115,000 206,000 321,000 $ 597,540 Interest expense Tax expense Net income The company paid dividends of $478,540 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? 1. Average operating assets $ 3,808,500 2. Margin % 2. Turnover 2. ROI 3. Residual income % < Prev 18 of 23 Next