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Financial data for Joel de Paris, Incorporated, for last year follow: Joel de Paris, Incorporated Assets Cash Balance Sheet Beginning Balance Ending Balance $
Financial data for Joel de Paris, Incorporated, for last year follow: Joel de Paris, Incorporated Assets Cash Balance Sheet Beginning Balance Ending Balance $ 127,000 $ 130,000 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 338,000 567,000 868,000 396,000 249,000 $ 2,545,000 $ 382,000 979,000 1,184,000 $ 2,545,000 478,000 487,000 845,000 431,000 254,000 $ 2,625,000 $ 343,000 979,000 1,303,000 $ 2,625,000 Sales Joel de Paris, Incorporated Income Statement Operating expenses Net operating income Interest and taxes: Interest expense Tax expense Net income $ 126,000 204,000 $ 4,800,000 4,080,000 720,000 330,000 $ 390,000 The company paid dividends of $271,000 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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