Financial data for Joel de Paris, Incorporated, for last year follow: The company...
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Financial data for Joel de Paris, Incorporated, for last year follow: The company paid dividends of $176,700 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 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. Note: Round "Margin", "Turnover" and "ROI" to 2 decimal places. 3. What was the company's residual income last year? 2. Fill in the missing information. Note: Round the "Turnover" and "ROI" answers to 2 decimal places
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Financial data for Joel de Paris, Incorporated, for last year follow: The company paid dividends of $176,700 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 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. Note: Round "Margin", "Turnover" and "ROI" to 2 decimal places. 3. What was the company's residual income last year? 2. Fill in the missing information. Note: Round the "Turnover" and "ROI" answers to 2 decimal places 