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Financial data for Joel de Paris, Inc., for last year follow: Joel de Paris, Inc. Balance Sheet Beginning Balance Ending Balance Assets Cash Accounts receivable
Financial 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 $ 134,000 128,000 485,000 471,000 816,000 427,000 248,000 2,508,000 2,575,000 339,000 568,000 819,000 396,000 252,000 Liabilities and Stockholders' Equity Accounts payable Long-term debt Stockholders' equity Total liabilities and stockholders' equity $ 385,000 332,000 1,047,000 1,076,000 1,196,000 2,508,000 2,575,000 1,047,000 Joel de Paris, Inc. Income Statement Sales Operating expenses Net operating income Interest and taxes: 4,136,000 3,391,520 744,480 125,000 194,000 Interest expense 319,000 425,480 Tax expense Net income The company paid dividends of $305,480 last year. The Investment in Buisson, SA.," 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. Average operating assets 2. Margin Turnover ROI 3. Residual income
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