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Financial data for Joel de Paris, Inc., for last year follow: ants :38:02 Book Joel de Paris, Inc. Balance Sheet Beginning Ending Balance Balance Assets

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Financial data for Joel de Paris, Inc., for last year follow: ants :38:02 Book Joel de Paris, Inc. Balance Sheet Beginning Ending Balance Balance Assets Cash- $ 136,000 $ 132,000 Accounts receivable 335,000 477,000 Inventory 572,000 481,000 Plant and equipment, net 817,000 810,000 Investment in Buisson, S.A. 401,000 430,000 Land (undeveloped) 252,000 - 253,000 Total assets $2,513,000 $2,583,000 Liabilities and Stockholders' Equity Accounts payable $ 384,000 $ 334,000 Long-term debt 1,001,000 1,001,000 Stockholders' equity 1,128,000 1,248,000 Total liabilities and $2,513,000 $2,583,000 stockholders' equity Print erences Joel de Paris, Inc. Income Statement Sales $4,700,000 Operating 4,136,000 expenses Net 564,000 operating income Interest and taxes: Interest expense Tax expense Net income $129,000 205,000 334,000 $ 230,000 The company paid dividends of $110,000 last year. The "Investment in Buisson, S.A.." on the balance sheet represer 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", "Turnov and "ROI" to 2 decimal places.) 3. What was the company's residual income last year? 12.00% Average operating assets 2. Margin Turnover ROI 3. Residual income

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