ok nt Financial data for Joel de Paris, Inc., for last year follow: Assets Cash Accounts...

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ok nt Financial data for Joel de Paris, Inc., for last year follow: Assets Cash Accounts receivable: Joel de Paris, Inc. Balance Sheet Beginning. Balance Ending Balance $ 138,000 $ 133,000 334,000 485,000 574,000 480,000 824,000 812,000 401,000 433,000 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 Total liabilities and stockholders' equity Joel de Paris, Inc. Income Statement Sales Operating expenses Net operating income Interest and taxes: Interest expense Tax expense Net income $4,347,000 3,738,420 608,580 $115,000 196,000 311,000 297,580 248,000 $2,519,000 $ 379,000 1,029,000 1,111,000 $2,519,000 252,000 $2,595,000 $ 332,000 1,029,000 1,234,000 $2,595,000 Sales Joel de Paris, Inc. Income Statement Operating expenses Net operating income Interest and taxes: Tax expense Interest expense Net income $4,347,000 3,738,420 608,580 $115,000 196,000 311,000 $ 297,580 The company paid dividends of $174,580 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 Turnover 3. ROI Residual income % % ok nt Financial data for Joel de Paris, Inc., for last year follow: Assets Cash Accounts receivable: Joel de Paris, Inc. Balance Sheet Beginning. Balance Ending Balance $ 138,000 $ 133,000 334,000 485,000 574,000 480,000 824,000 812,000 401,000 433,000 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 Total liabilities and stockholders' equity Joel de Paris, Inc. Income Statement Sales Operating expenses Net operating income Interest and taxes: Interest expense Tax expense Net income $4,347,000 3,738,420 608,580 $115,000 196,000 311,000 297,580 248,000 $2,519,000 $ 379,000 1,029,000 1,111,000 $2,519,000 252,000 $2,595,000 $ 332,000 1,029,000 1,234,000 $2,595,000 Sales Joel de Paris, Inc. Income Statement Operating expenses Net operating income Interest and taxes: Tax expense Interest expense Net income $4,347,000 3,738,420 608,580 $115,000 196,000 311,000 $ 297,580 The company paid dividends of $174,580 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 Turnover 3. ROI Residual income % %