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Assets Cash Beginning Balance $ 131,000 Ending Balance $ 135,000 Accounts receivable Inventory Plant and equipment, net Investment in Buisson, S.A. Land (undeveloped) Total
Assets Cash Beginning Balance $ 131,000 Ending Balance $ 135,000 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 Joel de Paris, Incorporated Income Statement 349,000 567,000 843,000 391,000 245,000 $ 2,526,000 $ 381,000 982,000 1,163,000 $ 2,526,000 479,000 473,000 843,000 432,000 248,000 $ 2,610,000 $ 334,000 982,000 1,294,000 $ 2,610,000 Sales Operating expenses $ 5,348,000 4,545,800 Net operating income 802,200 Interest and tales: $122,000 196,000 318,000 $ 484,200 Interest expense Tax expense Net income The company paid dividends of $353,200 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. (Do not round intermediate calculations and
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