Financial data for Joel de Paris, Incorporated, for last year follow:

Joel de Paris, Incorporated

Balance Sheet

Beginning Balance Ending Balance

Assets

Cash $ 128,000 $ 135,000

Accounts receivable 335,000 476,000

Inventory 576,000 477,000

Plant and equipment, net 821,000 812,000

Investment in Buisson, S.A. 403,000 431,000

Land (undeveloped) 247,000 252,000

Total assets $ 2,510,000 $ 2,583,000

Liabilities and Stockholders' Equity

Accounts payable $ 381,000 $ 340,000

Long-term debt 1,035,000 1,035,000

Stockholders' equity 1,094,000 1,208,000

mework i Saved 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 VOLDULE EES Total liabilities and stockholders' equity Sales Joel de Paris, Incorporated Income Statement Operating expenses Net operating income Interest and taxes: Interest expense Tax expense Net income $128,000 200,000 $ 4,888,000 4,203,680 684,320 328,000 $ 356,320 Beginning Balance $ 128,000 335,000 576,000 821,000 403,000 247,000 $ 2,510,000 $ 381,000 1,035,000 1,094,000 $ 2,510,000 Ending Balance $ 135,000 476,000 477,000 812,000 431,000 252,000 $ 2,583,000 $ 340,000 1,035,000 1,208,000 $ 2,583,000 The company paid dividends of $242,320 last year. The "Investment in Buisson, S.A.," on the balance 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. (Do not rounc round your final answers to 2 decimal places.) 3. What was the company's residual income last year? 1. Average operating assets $ 1,880,000 2. Margin 0.14% 2. Turnover 2. ROI % 3. Residual income $ 402,320 < Prev 7 of 9 Q Search Next > C WY D