ter 11 and 12: Performance Measurements Saved 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 $ 128,000 348,000 572,000 842,000 401,000 252,000 $ 2,543,000 $ 128,000 474,000 485.000 843,000 431,000 252,000 $ 2,613,000 $ 388,000 963,000 1,192,000 $ 2,543,000 $ 331,000 963,000 1,319.000 $ 2,613,000 Joel de Paris, Inc. Income Statement Sales Operating expenses Het operating income Interest and taxes Interest expense $ 120,000 192,000 Net Income $ 4,202,000 3.655,740 546,260 312.000 234,260 The company paid dividends of $107,260 last year. The "Investment in Buisson, S.A.," on the balance sheet rep In the stock of another company. The company's minimum required rate of return of 15%. Required: RE Prav 1 of 4 !!! Next > Chec Joel de Paris, Inc. Income statement Sales Operating expenses Net operating income Interest and taxes Interest expense $ 120,000 Tax expense 192,000 Net Income $ 4,202,000 3,655,740 546,260 312,000 $ 234.260 The company paid dividends of $107,260 last year. The "Investment in Buisson, SA," 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 operting assets for last year. 2. Compute the company's margin, turnover, and return on investment (ROI) for last year. (Round "Margin", "Turnover" and "Ror" to decimal places.) 3. What was the company's residual income last year? % 1. Average operating assets 2 Margin Turnover ROI 3. Residual income % Prey 1 of 4 !!! Next > DU DD Doc F4 510 1 % & 2 3 4 5 6 7 8 9 0