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

Joel de Paris, Inc. Balance Sheet
	Beginning Balance			Ending Balance
Assets
Cash	$	129,000		$	133,000
Accounts receivable		335,000			478,000
Inventory		570,000			477,000
Plant and equipment, net		856,000			842,000
Investment in Buisson, S.A.		396,000			431,000
Land (undeveloped)		251,000			255,000
Total assets	$	2,537,000		$	2,616,000
Liabilities and Stockholders' Equity
Accounts payable	$	382,000		$	344,000
Long-term debt		951,000			951,000
Stockholders' equity		1,204,000			1,321,000
Total liabilities and stockholders' equity	$	2,537,000		$	2,616,000

Joel de Paris, Inc. Income Statement
Sales					$	4,011,000
Operating expenses						3,449,460
Net operating income						561,540
Interest and taxes:
Interest expense	$	130,000
Tax expense		192,000				322,000
Net income					$	239,540

The company paid dividends of $122,540 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 companys margin, turnover, and return on investment (ROI) for last year. (Round "Margin", "Turnover" and "ROI" to 2 decimal places.)

3. What was the companys residual income last year?

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

Joel de Paris, Inc. Balance Sheet
	Beginning Balance			Ending Balance
Assets
Cash	$	129,000		$	133,000
Accounts receivable		335,000			478,000
Inventory		570,000			477,000
Plant and equipment, net		856,000			842,000
Investment in Buisson, S.A.		396,000			431,000
Land (undeveloped)		251,000			255,000
Total assets	$	2,537,000		$	2,616,000
Liabilities and Stockholders' Equity
Accounts payable	$	382,000		$	344,000
Long-term debt		951,000			951,000
Stockholders' equity		1,204,000			1,321,000
Total liabilities and stockholders' equity	$	2,537,000		$	2,616,000

Joel de Paris, Inc. Income Statement
Sales					$	4,011,000
Operating expenses						3,449,460
Net operating income						561,540
Interest and taxes:
Interest expense	$	130,000
Tax expense		192,000				322,000
Net income					$	239,540

The company paid dividends of $122,540 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 companys margin, turnover, and return on investment (ROI) for last year. (Round "Margin", "Turnover" and "ROI" to 2 decimal places.)

3. What was the companys residual income last year?

1. 2. Average operating assets Margin Turnover % ROI % 3 . Residual income