Answer Happy

Assets Cash Accounts receivable Inventory Plant and equipment, net Joel de Paris, Incorporated Balance Sheet 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, Incorporated Income Statement Sales Operating expenses Net operating income Interest and taxes: Interest expense Tax expense Net income. $ 111,000 208,000 Beginning Balance $ 130,000 335,000 407,000 254,000 $ 2,581,000 $ 4,656,000 3,957,600 698,400 580,000 875,000 $ 373,000 1,027,000 1,181,000 $2,581,000 319,000 $ 379,400 Ending Balance $ 130,000 474,000 476,000 880,000 430,000 247,000 $ 2,637,000 $ 341,000 1,027,000 1,269,000 $ 2,637,000 The company paid dividends of $291,400 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 2. Turnover 2. ROI 3. Residual income % %