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Financial data for Joel de Paris, Incorporated, for last year follow: Joel de Paris, Incorporated Balance Sheet Assets Cash Accounts receivable Inventory Plant and equipment,
Financial data for Joel de Paris, Incorporated, for last year follow: Joel de Paris, Incorporated Balance Sheet Assets Cash Accounts receivable Inventory Plant and equipment, net Investment in Buisson, S.A. Land (undeveloped) Total assets Liabilities and Stockholders' Equity Accounts payable Long-term debt Stockholders' equity Total liabilities and stockholders' equity Beginning Balance $ 126,000 341,000 571,000 862,000 400,000 247,000 $ 2,547,000 $377,000 991,000 1,179,000 Ending Balance $ 137,000 484,000 482,000 837,000 434,000 251,000 $ 2,625,000 $ 330,000 991,000 1,304,000 $ 2,547,000 $ 2,625,000 Joel de Paris, Incorporated Income Statement Sales Operating expenses $ 4,608,000 3,916,800 Net operating income 691,200 Interest and taxes: Interest expense $ 115,000 196,000 311,000 $ 380,200 Tax expense Net income The company paid dividends of $255,200 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? 1. Average operating assets 2. Margin 2. Turnover 2. ROI 3. Residual income % %
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