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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 $ 139,

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

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Joel de Paris, Inc. Balance Sheet Beginning Ending Balance Balance Assets Cash $ 139, 000 $ 130, 900 Accounts receivable 330, 000 480, 900 Inventory 576, 900 475, 000 Plant and equipment, net 815, 900 815, 000 Investment in Buisson, S.A. 400, 900 427,000 Land (undeveloped) 252, 000 252, 000 Total assets $ 2,512,000 $ 2,579,900 Liabilities and Stockholders Equity Accounts payable $ 379,000 $ 337,000 Long-term debt 988,000 988, 900 Stockholders' equity 1, 145, 060 1, 254, 900 Total liabilities and stockholders' equity $ 2, 512,000 $ 2,579,900 Joel de Paris, Inc. Income Statement Sales $ 4,324,000 Operating expenses 3, 632, 160 Net operating income 691, 840 Interest and taxes: Interest expense $ 110,900 Tax expense 209, 900 319, 900 Net income $ 372, 840 The company paid dividends of $263,840 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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