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Business, 06.05.2020 04:18 jynaepooh

Financial data for Joel de Paris, Inc., for last year follow: Joel de Paris, Inc. Balance Sheet Beginning Balance Ending Balance Assets Cash $ 132,000 $ 137,000 Accounts receivable 330,000 483,000 Inventory 573,000 476,000 Plant and equipment, net 845,000 824,000 Investment in Buisson, S. A. 397,000 431,000 Land (undeveloped) 248,000 251,000 Total assets $ 2,525,000 $ 2,602,000 Liabilities and Stockholders' Equity Accounts payable $ 385,000 $ 341,000 Long-term debt 1,014,000 1,014,000 Stockholders' equity 1,126,000 1,247,000 Total liabilities and stockholders' equity $ 2,525,000 $ 2,602,000 Joel de Paris, Inc. Income Statement Sales $ 4,180,000 Operating expenses 3,553,000 Net operating income 627,000 Interest and taxes: Interest expense $ 116,000 Tax expense 201,000 317,000 Net income $ 310,000 The company paid dividends of $189,000 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 "Margin", "Turnover" and "ROI" to 2 decimal places.)
3. What was the company’s residual income last year?

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Financial data for Joel de Paris, Inc., for last year follow: Joel de Paris, Inc. Balance Sheet Begi...
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