Joel de Paris, incorporated Balance Sheet Beginning Balance Ending Balance Assets Cash Accounts receivable Inventory Plant...

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Joel de Paris, incorporated Balance Sheet Beginning Balance Ending Balance Assets Cash Accounts receivable Inventory Plant and equipment, net $ 134,000 $ 127,000 342,000 472,000 568,000 471,000 856,000 870,000 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 $ 2,553,000 Joel de Paris, Incorporated Income Statement 402,000 434,000 251,000 249,000 $ 2,553,000 $ 2,623,000 $ 384,000 1,020,000 1,149,000 $ 342,000 1,020,000 1,261,000 $ 2,623,000 Sales $ 5,184,000 Operating expenses Net operating income 4,354,560 829,440 Interest and taxes: $ 126,000 199,000 325,000 $ 504,440 Interest expense Tax expense Net income The company paid dividends of $392,440 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 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. Note: Round "Margin", "Turnover" and "ROI" to 2 decimal places. 3. What was the company's residual income last year? 1. Average operating assets Joel de Paris, incorporated Balance Sheet Beginning Balance Ending Balance Assets Cash Accounts receivable Inventory Plant and equipment, net $ 134,000 $ 127,000 342,000 472,000 568,000 471,000 856,000 870,000 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 $ 2,553,000 Joel de Paris, Incorporated Income Statement 402,000 434,000 251,000 249,000 $ 2,553,000 $ 2,623,000 $ 384,000 1,020,000 1,149,000 $ 342,000 1,020,000 1,261,000 $ 2,623,000 Sales $ 5,184,000 Operating expenses Net operating income 4,354,560 829,440 Interest and taxes: $ 126,000 199,000 325,000 $ 504,440 Interest expense Tax expense Net income The company paid dividends of $392,440 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 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. Note: Round "Margin", "Turnover" and "ROI" to 2 decimal places. 3. What was the company's residual income last year? 1. Average operating assets