Question: Financial data for Joel de Paris Inc for last year

Financial data for Joel de Paris, Inc., for last year follow:

The company paid dividends of $15,000 last year. The “Investment in Buisson, S.A.,” on the balance sheet represents an investment in the stock of another company.
1. Compute the company’s margin, turnover, and return on investment (ROT) for last year.
2. The board of directors of Joel de Paris, Inc., has set a minimum required rate of return of 15%. What was the company’s residual income lastyear?

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  • CreatedJune 29, 2011
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