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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
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 Sales Joel de Paris, Incorporated Income Statement Operating expenses Net operating income Interest and taxes: Interest expense Tax expense Net income $ 127,000 209,000 Beginning Balance Ending Balance $ 125,000 $136,000 336,000 486,000 571,000 471,000 868,000 847,000 409,000 250,000 $ 2,559,000 $ 372,000 1,001,000 1,186,000 $2,559,000 $ 4,800,000 4,176,000 624,000 336,000 $288,000 433,000 248,000 $ 2,621,000 $ 337,000 1,001,000 1,283,000 $2,621,000 The company paid dividends of $191,000 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 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?
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