Financial data for Joel de Paris, Incorporated, for last year follow:

$\backslash$table$[[\backslash$table$[[$Joel de Par$],[$Income$]],\backslash$table$[[$s$,$ Incorpor$],[$Statement$]],,],[$Sales$,,$$$,3,840,000$

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The company paid dividends of $$268,200$ 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:

Compute the company's average operating assets for last year.

Compute the company's margin, turnover, and return on investment $($ROI$)$ for last year. $($Do not round intermediate calculations and round your final answers to $2$ decimal places.$)$

What was the company's residual income last year?

$\backslash$table$[[1.$ Average operating assets,,$],[2.$ Margin,,$\%$

Answer rating: 100% (QA)

1 Average Operating Assets To compute the average operating assets we need the values of be... View the full answer