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PLEASE HELP 1, 2, 3. Financial data for Joel de Paris, Inc., for last year follow: Joel de Paris, Inc. Balance Sheet Assets Cash Accounts
PLEASE HELP 1, 2, 3.
Financial data for Joel de Paris, Inc., for last year follow: Joel de Paris, Inc. Balance Sheet Assets Cash Accounts receivable Inventory Plant and equipment, net Investment in Buisson, S.A. Land (undeveloped) Total assets Liabilities and Stockholders' Equity Accounts payable Long-term debt Stockholders' equity Total liabilities and stockholders' equity Joel de Paris, Inc. Income Statement Sales Operating expenses Net operating income Interest and taxes: Interest expense Tax expense Net income $ 122,000 206,000 $5,049,000 4,392,630 656,370 328,000 $ 328,370 Beginning Balance Ending Balance $ 139,000 $ 133,000 489,000 339,000 562,000 480,000 788,000 430,000 249,000 $2,569,000 810,000 393,000 251,000 $2,494,000 $ 381,000 $ 334,000 1,007,000 1,007,000 1,106,000 1,228,000 $2,494,000 $2,569,000 The company paid dividends of $206,370 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?
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