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Financial data for Joel de Paris, Incorporated. for last year follow: Joel de Paris, Incorporated Balance Sheet 3231:2223 Ending Balance Assets Cash 3', 125,966 $
Financial data for Joel de Paris, Incorporated. for last year follow: Joel de Paris, Incorporated Balance Sheet 3231:2223 Ending Balance Assets Cash 3', 125,966 $ 126,666 Accounts receivable 346,966 429,666 Inventory 561,966 482,666 Plant and equipment, net 963,966 683,666 Investment in Buisson, 5.4. 461,966 422,666 Land (undeveloped) 251,966 256,666 Total assets $ 2,532.933 $ 2:64?5699 Liabilities and Stockholders' Equity Accounts payable $ 372,966 $ 339,666 Longterm debt 1,624,966 1,924,666 Stockholders' equity 1,161,966 1,284,666 Total liabilities and stockholders' equity 5 2:532:999 $ 2,642,666 Joel de Paris, Incorporated Income Statement Sales $ 4,465,666 Operating expenses 3,222,556 Net operating income 262,456 Interest and taxes: Interest expense 5 124,996 Tax expense 264,996 328,666 Net income $ 434,459 The company paid dividends of $331,450 last year. The \"Investment in Buisson, 5.4.," 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. Note: 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 '36 3. Residual income
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