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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 Plant and equipment,
Financial data for Joel de Paris, Incorporated, for last year follow: Joel de Paris, Incorporated Balance Sheet Assets Cash Accounts receivable Plant and equipment, net Inventory 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 $ 136,000 349,000 Ending Balance $ 136,000 472,000 577,000 768,000 403,000 251,000 $ 2,484,000 $ 376,000 1,031,000 1,077,000 475,000 787,000 429,000 245,000 $ 2,544,000 $ 339,000 1,031,000 1,174,000 $ 2,484,000 $ 2,544,000 Joel de Paris, Incorporated Income Statement Sales Operating expenses Interest and taxes: Net operating income Interest expense Tax expense Net income $ 119,000 199,000 $ 4,255,000 3,531,650 723,350 318,000 $ 405,350 The company paid dividends of $308,350 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?
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