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 Assets Cash Accounts receivable. Inventory Plant and equipment, net i 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 $ 114,000 208,000 $ 4,850,000 4,025,500 824,500 S 322,000 502,500 Beginning Balance. 131,000 $ 336,000 561,000 892,000 Ending Balance S 378,000 1,047,000 1,146,000 135,000 476,000 480,000 869,000 434,000 399,000 252,000 253,000 $ 2,571,000 $ 2,647,000 S 343,000 1,047,000 1,257,000 $ 2,571,000 $ 2,647,000 The company paid dividends of $391,500 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 ROI Residual income 3 % % Financial data for Joel de Paris, Inc., for last year follow. Joel de Paris, Inc. Balance Sheet Assets Cash Accounts receivable. Inventory Plant and equipment, net i 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 $ 114,000 208,000 $ 4,850,000 4,025,500 824,500 S 322,000 502,500 Beginning Balance. 131,000 $ 336,000 561,000 892,000 Ending Balance S 378,000 1,047,000 1,146,000 135,000 476,000 480,000 869,000 434,000 399,000 252,000 253,000 $ 2,571,000 $ 2,647,000 S 343,000 1,047,000 1,257,000 $ 2,571,000 $ 2,647,000 The company paid dividends of $391,500 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 ROI Residual income 3 % %

Answer rating: 100% (QA)

1 Average Operating Assets Beginning Balance Ending Balance 2 131000 892000 2 511500 2 ... View the full answer