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ASAP! Please answer this question correctly. Balance Sheet Beginning Balance Ending Balance Assets Cash Accounts receivable Inventory Plant and equipment, net Investment in Buisson, S.A.

ASAP! Please answer this question correctly.

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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 $ 127,000 340,000 563,000 880,000 395,000 247,000 $ 2,552,000 $ 131,000 477,000 481,000 861,000 430,000 247,000 $ 2,627,000 $ 373,000 963,000 1,216,000 $ 2,552,000 $ 334,000 963,000 1,330,000 $ 2,627,000 Joel de Paris, Inc. Income Statement Sales Operating expenses Net operating income Interest and taxes: Interest expense $ 125,000 Tax expense 202,000 Net income $ 4,439,000 3,906,320 532, 680 327,000 205,680 $ The company paid dividends of $91,680 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. $ 1,880,000 X 2. Average operating assets Margin Turnover ROI 17.00 X % 2.40 X 40.80 X % 485,040 X 3. Residual income $

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