Financial data for Joel de Paris, Inc. for last year follow:
The company paid dividends of $281,560 last year. The “Investment in Buisson, S.A.,” on the balance sheet represents an investment in the stock of another company.
Compute the company’s margin, turnover, and return on investment (ROI) for last year. (Round answers to one decimal place.)
The board of directors of Joel de Paris, Inc., has set a minimum required rate of return of 16%. What was the company’s residual income last year?