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help Problem 10-15 (Algo) Return on Investment (ROI) and Residual Income [LO10-1, LO10-2] Financial data for Joel de Paris, Incorporated, for last year follow: The
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Problem 10-15 (Algo) Return on Investment (ROI) and Residual Income [LO10-1, LO10-2] Financial data for Joel de Paris, Incorporated, for last year follow: The company paid dividends of 5265,900 nas, ivestment in Buisson, SA; " the balance sheet represents an invertingent in the stock of another company. The companys minimum required tate of return of 15 : The company paid dividends of $265,960 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 (ROl) 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 Step by Step Solution
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