Question: PLEASE HELP im struggling Problem 10-15 (Algo) Return on Investment (ROI) and Residual Income (L010-1, LO10-2) Financial data for Joel de Paris, Incorporated, for last

Problem 10-15 (Algo) Return on Investment (ROI) and Residual Income (L010-1, LO10-2) Financial data for Joel de Paris, Incorporated, for last year follow: 62 Ending Balance Joel de Paris, Incorporated Balance Sheet Beginning Balance Assets Cash $ 133,000 Accounts receivable 343,000 Inventory 571,000 Plant and equipment, net 873,000 Investment in Buisson, S.A. 408,000 Land (undeveloped) 254,000 Total assets $ 2,582,000 Liabilities and Stockholders' Equity Accounts payable $ 389,000 Long-term debt 974,000 Stockholders' equity 1.219,000 Total liabilities and stockholders' equity $ 2,582,000 $ 138,000 471,000 481,000 870,000 427,000 249.000 $ 2,636,000 ces $ 343,000 974,000 1,319,000 $ 2,636,000 Joel de Paris, Incorporated Income Statement Sales $ 5,044,000 Operating expenses 4.136,000 Not operating income 907.920 Interest and taxes Interont expense $ 130,000 Tax expense 196.000 326.000 Net Income 5.581,920 The company paid dividends of $481,920 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: $ 2,582,000 $ 2,636,000 Total assets Liabilities and stockholders' Equity Accounts payable Long-term debt Stockholders' equity Total liabilities and stockholders' equity $ 389,000 974,000 1,219.000 $ 2,582,000 $_343,000 974,000 1,319.000 $ 2,636,000 Joel de Paris, Incorporated Income statement Sales $ 5,044,000 Operating expenses 4.136,080 Net operating Income 907,920 Interest and taxen Interest expense $ 130,000 Tax expense 196.000 326,000 Not income $ 581,920 The company pold dividends of $481,920 last year. The "Investment in Bulsson, 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? $ 2,900,000 % 1. Average operating assets 2. Margin 2. Turnover 2. ROI 3. Residual income %
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