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Financial data for Joel de Paris, Inc., for last year follow: Joel de Paris, Inc. Balance Sheet Beginning Ending Balance Balance Assets cash $ 136,080

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Financial data for Joel de Paris, Inc., for last year follow: Joel de Paris, Inc. Balance Sheet Beginning Ending Balance Balance Assets cash $ 136,080 $ 138, 080 Accounts receivable 345,080 470,080 Inventory 563, 080 473, 080 Plant and equipment, net 826,080 829,060 Investment in Buisson, S.A. 397,808 433,080 Land (undeveloped) 245,808 249,080 Total assets $ 2,512,080 $ 2,592,080 Liabilities and Stockholders' Equity Accounts payable $ 379, 080 $ 334, 080 Long-term debt 953, 080 953, 080 Stockholders' equity 1, 180, 608 1, 305,080 Total liabilities and stockholders' equity $ 2,512,080 $ 2,592,080 Doel de Paris, Inc. Income Statement Sales $ 3,969,080 operating expenses 3, 453, 030 Net operating income 515,970 Interest and taxes: Interest expense $ 122,008 Tax expense 194, 080 316,080 Net income 199, 970 The company paid dividends of $74,970 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 ROI % 3. Residual income

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