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Financial data for Joel de Paris, Incorporated, for last year follow: Joel de Paris, Incorporated Assets Balance Sheet Beginning Balance Ending Balance Cash Accounts
Financial data for Joel de Paris, Incorporated, for last year follow: Joel de Paris, Incorporated Assets Balance Sheet Beginning Balance Ending Balance Cash Accounts receivable Inventory Plant and equipment, net Investment in Buisson, 5.A. Land (undeveloped) Total assets Liabilities and Stockholders' Equity Accounts payable Long-term debt Stockholders' equity Total liabilities and stockholders' equity Sales Joel de Paris, Incorporated Income Statement Operating expenses Net operating income Interest and taxes: Interest expense Tax expense Net income $ 114,000 194,000 $ 127,000 $ 126,000 349,000 565,000 889,000 402,000 250,000 $ 2,582,000 $ 383,000 1,003,000 1,196,000 $ 2,582,000 $ 5,460,000 4,695,600 764,400 308,000 486,000 483,000 875,000 429,000 249,000 $ 2,648,000 $ 344,000 1,003,000 1,301,000 $ 2,648,000 $ 456,400 The company paid dividends of $351,400 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 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. Note: Round "Margin", "Turnover" and "ROI" to 2 decimal places. 3. What was the company's residual income last year? 1. Average operating assets 2. Margin 2. Turnover 2. ROI 3. Residual income % %
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