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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

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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 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 126,eee 344, eee 567,000 843,000 391,000 248,000 $ 2,519,00 $ 135,000 487,000 475,000 823,000 428,000 247,00 $ 2,595,000 $ 371,000 969,000 1,179, $ 2,519,000 $ 347,00 969,000 1,279, eee $2,595,000 Joel de Paris, Inc. Income Statement Sales Operating expenses Net operating income Interest and taxes: Interest expense $ 125,000 Tax expense 191.ee $4,750,000 4,037500 712,500 316,000 191, 310. tax expense Net income 396,500 The company paid dividends of $296,500 last year. The "Investment in Buisson, SA." on the balance sheet represents an investme 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 decimal places.) 3. What was the company's residual income last year? 1. Average operating assets Margin Turnover ROI Residual income 3

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