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Can you help me with finding the correct turnover and ROI Problem 12-15 Return on Investment (ROI) and Residual Income [LO12-1, LO12-2] Financial data for

Can you help me with finding the correct turnover and ROI

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Problem 12-15 Return on Investment (ROI) and Residual Income [LO12-1, LO12-2] Financial data for Joel de Paris, Inc., for last year follow. Ending Balance Joel de Paris, Inc. Balance Sheet Beginning Balance Assets Cash S 137.000 $ Accounts receivable 332.000 Inventory 562.000 Plant and equipment, net 889.000 Investment in Buisson, S.A. 395.000 Land (undeveloped) 248.000 Total assets S 2.563,000 $ Liabilities and Stockholders' Equity Accounts payable S 389,000 $ Long-term debt 990.000 Stockholders' equity 1.184.000 Total liabilities and stockholders' equity $ 2.563.000 $ 131,000 471.000 482.000 876.000 431.000 255.000 2.648.000 342.000 990.000 1.314.000 2.640.000 Joel de Paris, Inc. Income Statement $ 4.650.000 3.957.600 898,400 Sales Operating expenses Net operating income Interest and taxes: Interest expense Tax expense Net income 123.000 198.000 321.000 377.400 $ The company paid dividends of $247,400 last year. The "Investment in Buisson, S.A.," on the balance sheet represents an investment in the stock of another company. Required: 1. Compute the company's margin, turnover, and return on investment (ROI) for last year. (Round your answers to 1 decimal place.) Margin Turnover 15.00% 1.61 x times 24.08 % ROI 2. The board of directors of Joel de Paris, Inc. has set a minimum required rate of return of 19%. What was the company's residual income last year? IS Net operating income Minimum required return Residual income 698,400 388,600 329,800 IS

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