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Financial data for Joel de Paris, Inc., for last year follow: The company paid dividends of $331, 600 last year. The Investment in Buisson, S.A.,
Financial data for Joel de Paris, Inc., for last year follow: The company paid dividends of $331, 600 last year. The "Investment in Buisson, S.A., " on the balance sheet represents an investment in the stock of another company. Required: Compute the company's margin, turnover, and return on investment (ROI) for last year. (Round your answers to 2 decimal places.) The board of directors of Joel de Paris, Inc., has set a minimum required rate of return of 17%. What was the company's residual income last year
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