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Business, 17.12.2019 07:31 BeautyxQueen

Financial data for joel de paris, inc., for last year follow: joel de paris, inc. balance sheet beginning balance ending balance assets cash $ 127,000 $ 135,000 accounts receivable 334,000 485,000 inventory 562,000 490,000 plant and equipment, net 827,000 780,000 investment in buisson, s. a. 407,000 428,000 land (undeveloped) 245,000 252,000 total assets $ 2,502,000 $ 2,570,000 liabilities and stockholders' equity accounts payable $ 386,000 $ 341,000 long-term debt 1,024,000 1,024,000 stockholders' equity 1,092,000 1,205,000 total liabilities and stockholders' equity $ 2,502,000 $ 2,570,000 joel de paris, inc. income statement sales $ 4,114,000 operating expenses 3,579,180 net operating income 534,820 interest and taxes: interest expense $ 122,000 tax expense 203,000 325,000 net income $ 209,820 the company paid dividends of $96,820 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?

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Financial data for joel de paris, inc., for last year follow: joel de paris, inc. balance sheet beg...
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