ezto.mheducation.com AA Saved Help eek 6: Homework i 5 Joel de Paris, Inc. Balance Sheet Beginning Ending Balance Balance 10 Assets points Cash $ 129, 000 $ 139, 000 Accounts receivable 331, 000 484, 000 Skipped Inventory 580, 000 474, 000 Plant and equipment, net 860, 000 843, 000 Investment in Buisson, S.A. 394 , 000 429, 000 Land ( undeveloped) 251, 000 251, 000 Total assets $ 2, 545, 000 $ 2, 620, 000 eBook Liabilities and Stockholders' Equity Accounts payable $ 374, 000 $ 333, 000 Long-term debt 1, 012, 000 1, 012, 000 Print Stockholders' equity 1, 159, 000 1, 275, 000 Total liabilities and stockholders' equity $ 2, 545, 000 $ 2, 620, 000 References Joel de Paris, Inc. Income Statement Sales $ 4, 992, 000 Operating expenses 4, 392, 960 Net operating income 599 , 040 Interest and taxes: Interest expense $ 115, 000 Tax expense 201, 000 316, 000 Net income $ 283 , 040 The company paid dividends of $167,040 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? Mc Hill