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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 Buisson, 5S.A. Land (undeveloped) Total assets 140,000 % 120,000 530,099 380,009 629,009 280,000 170,099 s 2,820,000 $ 2,100,000 458,899 20,800 680,809 250,000 180,90 Liabilities and Stockholders Equity Accounts payable Long-term debt Stockholders' equity Total liabilities and stockholders' equity $360,000310,000 509,000,500,000 290,000 % 2,020,000 $ 2,100,000 160,000 1 de Paris, Inc Statement Sales Operating expenses Net operating income Interest and taxes: 5 4,850,000 ,645,096 405,000 Interest expense Tax expense s 150,000 116,0002669,80 Net income 145,000 The company paid dividends of $15,000 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%. Joel de Paris, Inc Income Statement Sales Operating expenses iet operating income Interest and taxes: 4,958,e00 3,645,90 405,000 s 150,000 Interest expense Tax expense 11,000260,00 260,e00 5145,000 Net income The company paid dividends of $15,000 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 (ROl) for last year. (Round "Turnover" to 1 decimal place.) at was the company's residual income last year? 1Average operating assets 2 Margn Turnover ROI 3 Residual income

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