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thumbs up will follow if answers provides are correct Financial data for Joel de Paris, Inc., for last year follow: Joel de Paris, Inc. Balance

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Financial data for Joel de Paris, Inc., for last year follow: Joel de Paris, Inc. Balance Sheet Beginning Balance Ending Balance 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 Total liabilities and stockholders' equity 131,000 332,000 571,000 866,000 406,000 248.000 $ 2,554,000 $ 134,000 478,000 471,000 857,000 430,000 255,000 $ 2,625,000 $ 382,000 994,000 1.178,000 $ 2,554,000 $ 347,000 994,000 1,284,000 $ 2.625,000 Joel de Paris, Inc. Income Statement Sales Operating expenses Not operating income Interest and taxest Interest expense $ 114,000 Tax expense 206.000 Not income $ 5,184,000 6.510,080 673,920 320.000 353, 920 $ The company paid dividends of $247,920 last year. The "Investment in Bulsson, SAT 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. (Do not round intermediate calculations and round your final answers to 2 decimal places.) 3. What was the company's residual income last year? 1 2 % Average operating assets Margin Tumover ROI % 3 Residual income

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