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Financial data for Joel de Paris, Incorporated, for last year follow: Joel de Paris, Incorporated Balance Sheet Beginning Balance Ending Balance Assets Cash $ 133,000

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Financial data for Joel de Paris, Incorporated, for last year follow: Joel de Paris, Incorporated Balance Sheet Beginning Balance Ending Balance Assets Cash $ 133,000 $ 126,000 Accounts receivable 342, 000 475,000 Inventory 575,000 478, 000 Plant and equipment, net 790, 000 801, 000 Investment in Buisson, S.A. 404, 000 431, 000 Land (undeveloped) 245,000 249, 000 Total assets $ 2, 489, 000 $ 2, 560, 000 Liabilities and Stockholders' Equity Accounts payable $ 378,000 $ 335, 000 Long-term debt 969,000 969, 000 Stockholders' equity 1, 142, 000 1, 256, 000 Total liabilities and stockholders' equity $ 2, 489, 090 000 '09s'z $ Joel de Paris, Incorporated Income Statement Sales $ 5,208, 000 Operating expenses 4, 322, 640 Net operating income 885, 360 Interest and taxes: Interest expense $ 128,000 Tax expense 206, 000 334, 000 Net income $ 551, 360 The company paid dividends of $437,360 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 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 % 3. Residual income

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