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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

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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 equipment, net Beginning Balance Ending Balance $ 135,000 338,000 $ 138,000 488,000 579,000 480,000 838,000 824,000 391,000 430,000 247,000 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 $ 2,528,000 $ 385,000 965,000 1,178,000 $ 2,528,000 250,000 $ 2,610,000 $ 336,000 965,000 1,309,000 $ 2,610,000 Sales Operating expenses Interest and taxes: Net operating income Interest expense Tax expense Net income $ 129,000 197,000 $ 4,966,000 4,270,760 695,240 326,000 $ 369,240 The company paid dividends of $238,240 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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