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please help Financial data for Joel de Paris, Inc., for last year follow: Joel de Paris, Inc. Balance Sheet Beginning Balance Ending Balance Assets Cash
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Financial data for Joel de Paris, Inc., for last year follow: Joel de Paris, Inc. Balance Sheet Beginning Balance Ending Balance 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 129,000 343 .00@ 570,000 838,000 390,000 246,000 $ 2,516,000 $ 137,000 476,000 482,000 825,000 427,000 249,000 $ 2, 596,000 $ 375,000 1,040,000 1, 101 000 $ 2,516,000 336,000 1,040,000 1, 220,000 $ 2,596,000 Joel de Paris, Inc. Income Statement Sales Operating expenses Net operating income Interest and taxes: Interest expense $ 124,000 Tax expense 209,000 Net income $ 5,320,000 4,681,600 638,400 333,000 305,400 $ The company paid dividends of $186,400 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. (Round "Margin", "Turnover" and "ROI" to 2 decimal places.) 3. What was the company's residual income last year? 1 2. Average operating assets Margin Turnover % ROI % 3. Residual income Comparative data on three companies in the same service industry are given below. Required: 2. Fill in the missing information. (Round the "Turnover" and "ROI" answers to 2 decimal places.) Company B A c Sales $ $ 1,360,000 4,312,000 646,800 $ $ 176.800 $ 1,960,000 Net operating income Average operating assets Margin Turnover $ 3,130,000 % % 5 % 1.80 Return on investment (ROI) % 6,50 % %
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