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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 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 Sales Operating expenses Interest and taxes: $ 5,044,000 4,186,520 857,480 Beginning Balance Ending Balance $ 132,000 340,000 $ 134,000 563,000 885,000 393,000 251,000 $ 2,564,000 $ 388,000 1,044,000 1,132,000 $ 2,564,000 485,000 482,000 859,000 427,000 250,000 $ 2,637,000 $ 348,000 1,044,000 1,245,000 $ 2,637,000 Net operating income Interest expense Tax expense Net income $ 115,000 194,000 309,000 $ 548,480 The company paid dividends of $435,480 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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