Financial data for Joel de Paris, Inc., for last year follow:

The company paid dividends of $15,000 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.
3. What was the company's residual income last year?

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Joel de Paris, Inc. Balance Sheet Beginning Balance Ending Assets -- 帛140000 S 12000() 530,000 380,000 620,000 280,000 170,000 $2,020,000 $2,100,000 Accounts receivable 450,000 320,000 3,0) 250,000 180,000 Plant and equipment, net Total assets Liabilities and Stockholders' Equity Long-term debt Total liabilities and stockholders' equity 1,500,000 1,50 160,000 290,000 $2,020,000 $2,100,000 Joel de Paris, Inc. Income Statement $4,050,000 3,645,000 Sales Interest and taxes: $150,000 110,000 Tax expense 2崩).(XX) 145,000 $