Joel de Paris, Inc. Balance Sheet Beginning Balance Ending Balance Cash ........ $ 140,000 Accounts receivable 450,000 Inventory ....... 320,000 Plant and equipment, net ... 680,000 Investment in Buisson, S.A... 250,000 Land (undeveloped).. 180,000 Total assets ...... $2,020,000 Liabilities and Stockholders' Equity Accounts payable ... $ 350,000 Long-term debt.... 1,500,000 Stockholders' equity .... 160,000 Total liabilities and stockholders' equity $2,020,000 $ 120,000 530,000 380,000 620,000 280,000 170,000 $2.100,000 $ 310,000 1,500,000 290,000 $2,100,000 Joel de Paris, Inc. Income Statement $4,050,000 3.645,000 405,000 Sales .... Operating expenses .... Net operating income.. Interest and taxes: Interest expense Tax expense.... Net income $150.000 110.000 260,000 $ 145,000 EN elf: Manageri X + O Os @ C Chapter 11 The company paid dividends of $15.000 last year. The "Investment in Buisson, S.A..." on the balance sheet represents an investment in the stock of another company. Required: Compute the company's margin. turnover, and return on investment (ROD for last year. 2. The board of directors of Joel de Paris, Inc. has set a minimum required rate of return of 15% What was the company's residual income last year PROBLEM 11-16 Creating a Balanced Scorecard TUOLLA