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Financial data for Joel de Paris, Incorporated, for last year follow. Joel de Paris, Incorporated Balance Sheet Beginning Balance Ending Balance $ 128,000 Assets
Financial data for Joel de Paris, Incorporated, for last year follow. Joel de Paris, Incorporated Balance Sheet Beginning Balance Ending Balance $ 128,000 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 Operating expenses Net operating income Joel de Paris, Incorporated Income Statement $ 4,095,000 3,562,650 532, 350 Interest and taxes: $ 130,000 199,000 $ 139,000 332,000 480,000 580,000 486,000 890,000 865,000 400,000 432,000 247,000 252,000 $2,577,000 $ 2,654,000 $ 389,000 1,047, 000 1,141,000 $ 2,577,000 $ 350,000 1,047,000 1,257,000 $ 2,654,000 Interest expense Tax expense Net income 329,000 $ 203, 350 The company paid dividends of $87,350 last year. The "Investment In Bulsson, 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. (Do not round intermediate calculations and round your final answers 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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