Question: Check my work 1 Financial data for Joel de Paris, Inc., for last year follow: Joel de Paris, Inc Balance Sheet 1 Beginning Balance Ending


Check my work 1 Financial data for Joel de Paris, Inc., for last year follow: Joel de Paris, Inc Balance Sheet 1 Beginning Balance Ending Balance points Assets Skipped Cash 131,000 ounts receivable Inventor Plant and equipment, Investment in Buisson, S.A Land (undeveloped ) 489,e0e 566,e00 net 854,000 834,000 427,000 249,000 eBook 408,000 254,e00 Print 2,60 l .eee sets References Liabilities and Stockholders' Equity Accounts payable Long-term debt Stockholders' equity 375,e00 1,000,000 1,177,e00 S 342,eee 1,000,eee 1,264, eee Total liabilities and stockholders' equity 2,606,0ee 2,552,000 Check my wor 1 Income Statement $4,775,00e Sales Operating expenses Net operating income Interest and taxes: Interest expense 4,058,750 716,250 $116,00e 202,00e 318,eee Tax expense ints Net income 398, 250 Skipped The company paid dividends of $311,250 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%. ook 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? Print References Average operating assets Margin 2 % Turnover ROI Residual income 3
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