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Financial data for Joel de Paris, Incorporated, for last year follow: Joel de Paris, Incorporated Assets O Cashi Accounts receivable Inventory Plant and equipment,
Financial data for Joel de Paris, Incorporated, for last year follow: Joel de Paris, Incorporated Assets O Cashi Accounts receivable Inventory Plant and equipment, net Balance Sheet Beginning Balance Ending Balance $ 133,000 $125,000 337,000 487,000 560,000 478,000 850,000 830,000 402,000 428,000 254,000 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 Joel de Paris, Incorporated Income Statement Net operating income $ 4,180,000 3,594,800 585,200 Sales Operating expenses Interest and taxes: $ 116,000 200,000 $ 269,200 Interest expense Tax expense Net income 316,000 250,000 $ 2,532,000 $ 2,602,000 $ 350,000 1,048,000 1,204,000 $ 372,000 1,048,000 1,112,000 $ 2,532,000 $ 2,602,000 The company paid dividends of $177,200 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. (Do not round intermediate calculations and round your final answers to 2 decimal places.) 3. What was the company's residual income last year?
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