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Financial data for Joel de Paris, Inc., for last year follow: The company paid dividends of $171,580 last year. The Investment in Buisson, S.A., on
Financial data for Joel de Paris, Inc., for last year follow:
The company paid dividends of $171,580 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 companys margin, turnover, and return on investment (ROI) for last year. (Round "Margin", "Turnover" and "ROI" to 2 decimal places.)
3. What was the companys residual income last year?
\begin{tabular}{|l|l|l|l|} \hline & & & \\ \hline 1. & Average operating assets & & \\ \hline 2. & Margin & & \\ \hline & Turnover & & \\ \hline & ROI & & \\ \hline 3. & Residual income & & \\ \hline \end{tabular}Step by Step Solution
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