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Financial data for Joel de Paris, Incorporated for last year follow. Joel de Paris, Balance Assets Cash Accounts receivable Inventory Plant and equipment, net Investment
Financial data for Joel de Paris, Incorporated for last year follow.
Joel de Paris, Balance Assets Cash Accounts receivable Inventory Plant and equipment, net Investment in Buisson, S.A. Land (undeveloped) Totat assets Liabilities and Stockholders' Equity Accounts payable Long-term debt Stockholders' equity Incorporated Sheet Beginning Balance Ending Balance 136, 126, 339,o 475, 579, 481, 846, 858, 426 409, 251, 251, 768, 125, 193, 318, $ 375, 1, 142, $ 332, Total liabilities and stockholders' equity Joet de Paris, Incorporated Income Statement Sales Operating expenses Net operating income Interest and taxes: Interest expense Tax expense Net income $ 450, The company paid dividends of $350,000 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 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 prey 1 of 5 Next
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