Question
Joel de Paris, Inc. Income Statement Sales $ 5,184,000 Operating expenses 4,250,880 Net operating income 933,120 Interest and taxes: Interest expense $ 124,000 Tax expense
Joel de Paris, Inc. Income Statement Sales $ 5,184,000 Operating expenses 4,250,880 Net operating income 933,120 Interest and taxes: Interest expense $ 124,000 Tax expense 196,000 320,000 Net income $ 613,120 The company paid dividends of $509,120 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 companys margin, turnover, and return on investment (ROI) for last year. (Round "Margin", "Turnover" and "ROI" to 2 decimal places.) 3. What was the companys residual income last year?
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