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plz show work! Financial data for Joel de Paris, Inc., for last year follow: Joel de Paris, Inc. Balance Sheet Beginning Balance Ending Balance Assets
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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 $ 130,000 337,000 566,000 817,000 404,000 246,000 $ 2,500,000 $ 132,000 477,000 471,000 810,000 429,000 247,000 $ 2,566,000 $ 376,000 991,000 1, 133, 000 $ 2,500,000 342,000 991,000 1,233.000 $ 2,566,000 Joel de Paris, Inc. Income Statement Sales Operating expenses Net operating income Interest and taxes: Interest expense $ 114,000 Tax expense 199,000 Net income $ 5, 236,000 4,502,960 733, 040 313, 000 420, 040 The company paid dividends of $320,040 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. Average operating assets 2. Margin Turnover ROI 3. Residual incomeStep by Step Solution
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