Unformatted text preview: 505,960 $ $ 4,888,000 4,057,040 830,960 Sales Operating expenses Net operating income Interest and taxes: Interest expense Tax expense Net income $ 125,000 200,000 325,000 505,960 $ The company paid dividends of $411,960 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. (Round "Margin", "Turnover" and "ROI" to 2 decimal places.) 3. What was the company's residual income last year? 1. Avor % Average operating assets Margin Turnover ROI Residual income...
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- Spring '17