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Could you complete the required? Financial data for Joel de Paris, Inc., for last year follow: Joel de Paris, Inc. Balance Sheet Ending Balance Beginning
Could you complete the required?
Financial data for Joel de Paris, Inc., for last year follow: Joel de Paris, Inc. Balance Sheet Ending Balance Beginning Balance Assets 140,000 $ 131,000 332,000 580,000 838,000 393,000 250,000 Cash Accounts receivable 478,000 479,000 842,000 433,000 250,000 Inventory Plant and equipment, net Investment in Buisson, S.A. Land (undeveloped) $2,533,000 $2,613,000 Total assets Liabilities and Stockholders' Equity Accounts payable Long-term debt Stockholders' equity Total liabilities and stockholders equity $ 346,000 $386,000 1,033,00 1,114,000 1,033,00 1,234,000 $2,533,000 $2,613,000 Joel de Paris, Inc Income Statement $4,775,000 4,011,000 Sales Operating expenses Net operating 764,000 income Interest and taxes: Interest expense xpens $118,000 322,000 204,000 442,000 Net income The company paid dividends of $322,000 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 yearStep by Step Solution
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