Financial data for Joel de Paris, Incorporated, for last year follow: Joel de Paris, Incorporated Income Statement Sales $4,136,900 Operating expenses 3,556,960 Net operating fncome 579,640 Interest and taxes: Interest expense $117,000 Tax expense 207,000 324,000 Net income $255,040 The company paid dividends of $131,040 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: Compute the company's average operating assets for last year. Compute the company's margin, turnover, and return on investment (ROI) for last year. (Round "Margin", "Turnover" and "ROI" to 2 decimal places.) What was the company's residual income last year

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Financial data for Joel de Paris, Incorporated, for last year follow: Joel de Paris, Incorporated Assets Balance Sheet Beginning Balance Ending Balance Cash Accounts receivable Plant and equipment, net Inventory 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 $ 126,000 341,000 $ 137,000 484,000 573,000 820,000 399,000 249,000 $ 2,508,000 $ 387,000 967,000 1,154,000 $ 2,508,000 473,000 806,000 434,000 249,000 $ 2,583,000 $ 338,000 967,000 1,278,000 $ 2,583,000 Joel de Paris, Incorporated Income Statement Sales Operating expenses Interest and taxes: Net operating income Interest expense Tax expense Net income $ 117,000 207,000 $ 4,136,000 3,556,960 579,040 324,000 $ 255,040 The company paid dividends of $131,040 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? Answer is complete but not entirely correct. 1. Average operating assets 2. Margin 2. Turnover 2. ROI IS 674,500 (71.90) % 6.13 37.81 % 3. Residual income $ (63,875) Financial data for Joel de Paris, Incorporated, for last year follow: Joel de Paris, Incorporated Assets Balance Sheet Beginning Balance Ending Balance Cash Accounts receivable Plant and equipment, net Inventory 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 $ 126,000 341,000 $ 137,000 484,000 573,000 820,000 399,000 249,000 $ 2,508,000 $ 387,000 967,000 1,154,000 $ 2,508,000 473,000 806,000 434,000 249,000 $ 2,583,000 $ 338,000 967,000 1,278,000 $ 2,583,000 Joel de Paris, Incorporated Income Statement Sales Operating expenses Interest and taxes: Net operating income Interest expense Tax expense Net income $ 117,000 207,000 $ 4,136,000 3,556,960 579,040 324,000 $ 255,040 The company paid dividends of $131,040 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? Answer is complete but not entirely correct. 1. Average operating assets 2. Margin 2. Turnover 2. ROI IS 674,500 (71.90) % 6.13 37.81 % 3. Residual income $ (63,875)