Financial data for Joel de Paris, Incorporated, for last year
follow:
The company paid dividends of $364,880 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
intermediate calculations and round your final answers to 2 decimal
places.)
3. What was the company’s residual income last year?
Financial data for Joel de Paris, Incorporated, for last year follow: The company paid dividends of $364,880 last year.
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