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

Joel de Paris, Inc.

Balance SheetBeginning

BalanceEnding

BalanceAssetsCash$130,000$128,000Accounts receivable335,000485,000Inventory568,000487,000Plant and equipment, net897,000870,000Investment in Buisson, S.A.403,000426,000Land (undeveloped)246,000252,000Total assets$2,579,000$2,648,000Liabilities and Stockholders' EquityAccounts payable$383,000$350,000Long-term debt997,000997,000Stockholders' equity1,199,0001,301,000Total liabilities and stockholders' equity$2,579,000$2,648,000

Joel de Paris, Inc.

Income StatementSales$4,680,000Operating expenses3,931,200Net operating income748,800Interest and taxes:Interest expense$118,000Tax expense201,000319,000Net income$429,800

The company paid dividends of $327,800 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?