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Financial data for Joel de Paris, Inc., for last year follow: Financial data for Joel de Paris, Inc., for last year follow: Joel de Paris,

image text in transcribedFinancial data for Joel de Paris, Inc., for last year follow:

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 139,000 140, 000 488,000 473,000 809,000 430,000 254,000255,000 2,525,000 2,595,000 335,000 575,000 821,000 401, 000 Liabilities and Stockholders Equity Accounts payable Long-term debt Stockholders' equity Total 1liabilities and stockholders equity 373,000 350, 000 981,000 1,264, 000 2,525,000 2,595,000 981,000 1,171,000 Joel de Paris, Inc. Income Statement Sales Operating expenses Net operating income Interest and taxes: 4,914,000 4,275,180 638,820 Interest expense Tax expense 126, 000 209,000 335,000 $ 303,820 Net income The company paid dividends of $210,820 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%. Requirecd 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? Answer is complete but not entirely correct. Average operating assets 2,560,000

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