Answer Happy

Financial data for Joel de Paris, Inc., for last year follow: Joel de Paris, Inc. Balance Sheet Assets Cash 120,000 Accounts receivable Inventory. 530,000 380,000 Plant and equipment, net 620,000 Investment in Buisson, S.A. 280,000 Land (undeveloped) 170,000 Total assets $2,100,000 Liabilities and Stockholders' Equity Accounts payable Long-term debt $ 310,000 1,500,000 290,000 Stockholders' equity. Total liabilities and stockholders' equity $2,100,000 Joel de Paris, Inc. Income Statement Sales $4,050,000 3,645,000 405,000 Operating expenses Net operating income i Interest and taxes: Interest expense $ 150,000 110,000 Tax expense 260,000 Net income $ 145,000 The company paid dividends of $15,000 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%. Beginning Balance $ 140,000 450,000 320,000 680,000 250,000 180,000 $ 2,020,000 $360,000 1,500,000 160,000 $2,020,000 $ Ending Balance.
The company paid dividends of $15,000 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 "Turnover" to 1 decimal place.) 3. What was the company's residual income last year? 1. Average operating assets 2. Margin % Tumover ROI % 3. Residual income