Homework- Chapter 11 i 1 Financial data for Joel de Paris, Incorporated, for last year follow: Joel de Paris, Incorporated Balance Sheet 10 points Assets Cash Accounts receivable Inventory eBook Plant and equipment, net Print References Investment in Buisson, S.A. Land (undeveloped) Total assets Liabilities and Stockholders' Equity Accounts payable Long-term debt Stockholders' equity Beginning Balance $ 132,000 342,000 Ending Balance $ 131,000 488,000 568,000 481,000 878,000 860,000 397,000 433,000 254,000 253,000 $2,646,000 $2,571,000 $ 386,000 1,004,000 1,181,000 Total liabilities and stockholders' equity $2,571,000 $ 334,000 1,004,000 1,308,000 $ 2,646,000 Joel de Paris, Incorporated Saved Income Statement Sales Operating expenses Net operating income Interest and taxes: $ 130,000 192,000 Interest expense Tax expense Net income $ 4,074,000 3,462,900 611,100 322,000 $ 289,100 The company paid dividends of $162,100 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 % %