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Sales Joel de Paris, Incorporated Income Statement Operating expenses Net operating income Interest and taxes: Interest expense Tax expense Net income $ 4,850,000 3,977,000
Sales Joel de Paris, Incorporated Income Statement Operating expenses Net operating income Interest and taxes: Interest expense Tax expense Net income $ 4,850,000 3,977,000 873,000 $110,000 202,000 312,000 $ 561,000 The company paid dividends of $477,000 last year. The "Investment in Buisson, S. in the stock of another company. The company's minimum required rate of return 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 las decimal places.) 3. What was the company's residual income last year? 1. Average operating assets 2. Margin 2. Turnover 2. ROI 3. Residual income % %
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