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i really appreciate it Financial data for Joel de Paris, Inc., for last year follow. Ending Balance Joel de Paris, Inc. Balance Sheet Beginning Balance

image text in transcribedimage text in transcribedi really appreciate it Financial data for Joel de Paris, Inc., for last year follow. Ending Balance Joel de Paris, Inc. Balance Sheet Beginning Balance Assets Cash $ 130,000 Accounts receivable 338,000 Inventory 569,000 Plant and equipment, net 883,000 Investment in Buisson, S.A. 404,000 Land (undeveloped) 247,000 Total assets $2,571,000 Liabilities and Stockholders' Equity Accounts payable $ 383,000 Long-term debt 966, 000 Stockholders' equity 1,222,000 Total liabilities and stockholders $2,571,000 equity $ 132,000 475,000 474,000 879,000 430,000 255,000 $2,645,000 $ 335,000 966,000 1,344,000 $2,645,000 Joel de Paris, Inc. Income Statement Sales $4,074,000 Operating 3,503,640 expenses Net operating 570,360 income Interest and taxes: Interest $ 129,000 expense Tax expense 197,000 326,000 Net income $ 244,360 The company paid dividends of $122,360 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 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. (Do not round Intermediate calculations and round your final answers to 2 decimal places.) 3. What was the company's residual income last year? Average operating assets Margin Turnover ROI Residual income 3

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