Question: how do I solve this problem? Please try to use as much detail as possible about where the numbers are coming from. Financial data for

how do I solve this problem? Please try to use as much detail as possible about where the numbers are coming from.
how do I solve this problem? Please try to use as much
detail as possible about where the numbers are coming from. Financial data
for Joel de Paris, Inc., for last year follow: Joel de Paris,

Financial data for Joel de Paris, Inc., for last year follow: Joel de Paris, Inc. Balance Sheet Beginning Balance Ending Balance Assets Cash Accounts receivable Inventory Plant and equipment, net Investment in Buisson, S.A. Land (undeveloped) Total assets Liabilities and Stockholders' Equity Accounts payable Long-term debt Stockholders' equity Total liabilities and stockholders' equity $ 130,000 350,000 577, eee 773,000 409,000 246,000 $ 2,485,000 $ 138,000 474,000 480,000 778,000 434,000 246,000 $ 2,550,000 381,000 995, eee 1,102, eee $ 2,485,000 $ 348,000 995,000 1,207,000 $ 2,550,000 Joel de Paris, Inc. Income Statement Sales Operating expenses $ 3,885,000 3,341,100 Joel de Paris, Inc. Income Statement Sales Operating expenses Net operating income Interest and taxes: Interest expense $ 110,000 Tax expense 197,000 Net income $ 3,885, eee 3,341,100 543,900 307, eee 236,900 $ The company pald dividends of $138.900 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 (Do not round termediate calculations and round your final answers to 2 decimal places.) 3. What was the company's residual income last year? 1 Average operating assets 2 4 7/5 83"F C > 1 The company paid dividends of $138.900 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 (RON) for last year (Do not round intermediate calculations and round your final answers to 2 decimal places.) 3. What was the company's residual income last year? 1. 2 96 Average operating assets Margin Turnover ROI Residual income 3

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