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Financial data for Joel de Paris, Incorporated, for last year follow: Joel de Paris, Incorporated Assets Cash Balance Sheet Accounts receivable Plant and equipment, net
Financial data for Joel de Paris, Incorporated, for last year follow: Joel de Paris, Incorporated Assets Cash Balance Sheet Accounts receivable Plant and equipment, net Inventory 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 Joel de Paris, Incorporated Income Statement Beginning Balance $ 136,000 334, 000 577,000 853, 000 407,000 250,000 $ 2,557,000 $ 380,000 1,048, 000 1, 129, 000 $ 2,557,000 Ending Balance $ 134,000 471,000 481,000 854, 000 428,000 248,000 $ 2,616,000 $ 345,000 1,048, 000 1,223,000 $ 2,616,000 Sales Operating expenses Net operating income Interest and taxes: $ 113,000 207,000 Interest expense Tax expense Net income $ 4,992, 000 4, 193, 280 798, 720 320, 000 $ 478, 720 The company paid dividends of $384,720 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 2. Margin 2. Turnover 2. ROI 3. Residual income % %
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