Question: Problem 1 1 - 1 7 ( Algo ) Return on Investment ( ROI ) and Residual Income [ LO 1 1 - 1 ,
Problem Algo Return on Investment ROI and Residual Income LO L
Financial data for Joel de Paris, Incorporated, for last year follow:
The company paid dividends of $ last year. The "Investment in Buisson, SA on the balance sheet represents an investment in
the stock of another company. The company's minimum required rate of return
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.
Note: Round "Margin", "Turnover" and "ROI" to decimal places.
What was the company's residual income last year?
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