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7. please help inancial data for Joel de Paris, Inc., for last year follow: Joel de Paris, Inc. Balance Sheet Beginning Balance Ending Balance Assets

7. please help
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inancial data for Joel de Paris, Inc., for last year follow: Joel de Paris, Inc. Balance Sheet Beginning Balance Ending Balance Assets Cash Accounts receivable Inventory Plant and equipment, net 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 127,000 341,000 571,000 861,000 401,000 248,000 $ 2,549,000 $ 133,000 478,000 483,000 846,000 432,000 253,000 $ 2,625,000 $ 373,000 978,000 1,198,000 $ 2,549,000 $ 335,000 978,000 1,212,000 $2,625,000 Joel de Paris, Ine. Income Statement Sales Operating expenses Net operating income Interest and taxes: Interest expense $ 120,000 Tax expense 199,000 Net income $ 5,376,000 4.408,320 967, 680 319,000 648,680 $ The company paid dividends of $534,680 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? 1. 2 % Average operating assets Margin Tumover ROI Residual income % 3

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