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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
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, S.A. Land (undeveloped) $ 131,000 348,000 572,000 819,000 390,000 250,000 $ 2,510,000 134,000 480,000 472,000 824,000 431,000 251,000 2,592,000 Total assets $ Liabilities and Stockholders' Equity Accounts payable Long-term debt Stockholders' equity Total liabilities and stockholders' equity $ 372,000 1,014,000 1,124,000 $ 2,510,000 $ 341,000 1,014,000 1,237,000 $ 2.592.000 $ Joel de Paris, Inc. Income Statement Sales Operating expenses Net operating income Interest and taxes: Interest expense $ 126,000 Tax expense 206,000 4,347,000 3,738,420 608,580 332,000 276,580 Net income $ The company paid dividends of $ 163,580 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 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
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