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Financlal data for Joel de Parls, Incorporated, for last year follow: The company pald dividends of $337,700 last year. The Investment in Buisson, S.A. on
Financlal data for Joel de Parls, Incorporated, for last year follow: The company pald dividends of $337,700 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 margln, tumover, and return on Investment (ROl) for last year. (Round "Margin", "Turnover" and "ROI" to 2 decimal places.) 3. What was the company's residual income last year
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