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Problem 11-15 Return on Investment (ROI and Residual Income [LO11-1, LO11-2] Financial data for Joel de Paris, Inc., for last year follow Joel de Paris,

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Problem 11-15 Return on Investment (ROI and Residual Income [LO11-1, LO11-2] Financial data for Joel de Paris, Inc., for last year follow Joel de Paris, Inc. Sheet Beginning Bae Ending 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 134,000 349,000 128.000 475.000 489.000 868.000 865,000 406,000 250,000 248.000 S 2.576,000 2638.000 387 000$ 338.000 1.030.000 1270,000 2.576.000 2638.000 1,030,000 1.159.000 Joel de Paris, Inc. Income Statement Operating expenses Net operating income Interest and taxes: 4,656.000 097 280 558,720 Interest oxpense Tax expense $ 127,000 196,000 323,000 235,720 Not income The company paid dividends of $124,720 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 (ROl) for last year. (Round "Margin", "Turnover" and "ROI" to 2 decimal places.) 3. What was the company's residual income last year

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