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Financial data for Joel de Paris, Inc., for last year follow: Assets Cash Accounts receivable Inventory Plant and equipment, net Investment in Buisson, S.A.
Financial data for Joel de Paris, Inc., for last year follow: Assets Cash Accounts receivable Inventory Plant and equipment, net Investment in Buisson, S.A. Land (undeveloped) Total assets Joel de Paris, Inc. Balance Sheet Beginning Balance Ending Balance $ 128,000 $ 128,000 337,000 487,000 570,000 472,000 805,000 793,000 410,000 430,000 245,000 254,000 $ 2,564,000 Liabilities and Stockholders' Equity Accounts payable Long-term debt Stockholders' equity Total liabilities and stockholders' equity $ 2,495,000 $ 382,000 $ 336,000 984,000 1,129,000 984,000 1,244,000 $ 2,495,000 $ 2,564,000 Joel de Paris, Inc. Income Statement Sales Operating expenses Interest and taxes: Tax expense Net operating income Interest expense Net income $ 130,000 197,000 $ 4,092,000 3,396,360 695,640 327,000 $ 368,640 The company paid dividends of $253,640 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 The company paid dividends of $253,640 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 year? 1. Average operating assets 2. Margin % Turnover 3. ROI Residual income %
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