Chapter #10 Homework Saved Financial data for Joel de Paris, Inc., for last year follow: Joel de Paris, Inc. Balance Sheet Beginning Balance Ending Balance 10 points 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 $ 131,000 333.000 578,000 848.990 399,000 255,000 $ 2,544,000 $ 126,000 475,000 486,000 843.000 429,000 251,800 $2,610,000 cBook Print $ 375,000 1,047,000 1, 122,000 $2,544,000 $ 331,000 1,047,000 1,232,000 $2,610,000 References Joel de Paris, Inc. Income Statement Sales Operating expenses Net operating income Interest and taxes: Interest expense $ 127,000 Tax expense 199,000 Net income $4,393,000 3,690, 120 702,880 326,000 376,880 $ The company paid dividends of $266,880 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. (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 Turnover ROI 3. Residual income