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oints eBook Financial data for Joel de Paris, Incorporated, for last year follow. Joel de Paris, Incorporated Assets Cash Balance Sheet Accounts receivable Inventory
oints eBook Financial data for Joel de Paris, Incorporated, for last year follow. Joel de Paris, Incorporated Assets Cash Balance Sheet Accounts receivable Inventory Plant and equipment, net Land (undeveloped) Investment In Buisson, S.A. Total assets Liabilities and Stockholders Equity Accounts payable Long-term debt Stockholders equity Total liabilities and stockholders' equity Beginning Balance Ending Balance 5 127,000 $131,000 332,000 473,000 564,000 488,000 867,000 838,000 395,000 434,000 252,000 250,000 $2,537,000 $ 2,614,000 $383,000 980,000 1,174,000 $2,537,000 $335,000 980,000 1,299,000 $ 2,614,000 Sales Joel de Paris, Incorporated Income Statement Operating expenses Net operating income Interest and taxes: Interest expense Tax expense Net Income $ 113,000 194,000 $ 4,202,000 3,571,700 630,300 307,000 $323,300 The company paid dividends of $198,300 last year. The "Investment in Buisson, SA," 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. (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. RO 3. Residual income % %
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