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Required: 1 Compute the company's margin, turnover, and return on investment (ROI) for last year. 3.5 points Round your answers to 2 decimal places.) Margin
Required: 1 Compute the company's margin, turnover, and return on investment (ROI) for last year. 3.5 points Round your answers to 2 decimal places.) Margin eBook Tunover ROI Print Roferences 2. The board of directors of Joel de Paris, Inc., has set a minimum required rate of return of 16%, what was the company's residual income last year? Net operating income Minimum required return Residual income 3 Problem 11-15 Return on Investment (ROI) and Residual Income [L011-1, L011-2] Financial data for Joel de Paris, Inc., for last yeer follow 3.5 Joel de Paris, Inc. Balance Sheet Beginning Ending Balance Balance Assets Cash Accounts receivable 132,000 $ 125,000 337,000 471,000 569,000 474.000 812.000 820.000 394,000 434,000 253,000 253,000 Plant and equipment, net Investment in Buisson, S.A 2.49700O 2,577000 Total assets Liabilities and Stockholders' Equity Accounts payable Long-term debt $ 375,000 $332,000 ,046,000 1,046,000 076,000 1199,000 Total liabilities and stockholders 2,497000 2.577000 equity Joel de Paris, Inc Income Statement 4,301000 Sales Operating expenses Net operating income 602,140 Interest and taxes Interest expense Tax expense 26.000 201000 327,000 $ 275140 Net income The company paid dividends of $152,140 last year. The "Investment in Buisson, S.A. on the balance sheet represents an investment in the stock of another company
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