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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 Duisson, S.A. Land (undeveloped) Total assets Liabilities and stockholders' Equity Accounts payable Long-term debt Stockholders' equity Total liabilities and stockholdera equity $ 126,000 349,000 575,000 830,000 407,000 254,000 $ 2,541,000 $ 128,000 486,000 473,000 833,000 430,000 251,000 $ 2,601,000 $ 381,000 956,000 1,204,000 52,541,000 9 348,000 956,000 1,297,000 $ 2,601,000 nces Joel de Paris Inc. Income Statement Sales Operating expenses let operating income Interest and taxes Interest expense $127.000 Tax expense 193,000 Het income $ 5,130.000 4,411,000 718.200 320,000 398,200 $ The company paid dividends of $305. po last year. The "Investment in Bulsson, SA" 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?: TES 1 2 Average operatings Margin Turner ROI Rosidual income

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