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Financial data for Joel de Paris, Inc., for last year follow: Ending Balance $ 130,000 477,000 Joel de Paris, Inc. Balance Sheet Beginning Balance Assets

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Financial data for Joel de Paris, Inc., for last year follow: Ending Balance $ 130,000 477,000 Joel de Paris, Inc. Balance Sheet Beginning Balance Assets Cash $ 134,000 Accounts receivable 340,000 Inventory 573,000 Plant and equipment, net 813,000 Investment in Buisson, S.A. 398,000 Land (undeveloped) 254,000 Total assets $2,512,000 Liabilities and Stockholders' Equity Accounts payable $ 375,000 Long-term debt 956, 000 Stockholders' equity 1,181,000 Total liabilities and stockholders' $2,512,000 equity 821,000 431,000 251,000 $2,582,000 $ 333,000 956,000 1,293,000 $2,582,000 Joel de Paris, Inc. Income Statement Sales $4,136,000 Operating 3,556,960 expenses Net operating 579,040 income Interest and taxes: Interest $116,000 expense Tax expense 190,000 306,000 Net income $ 273,040 Joel de Paris, Inc. Income Statement Sales $4,136,000 Operating 3,556,960 expenses Net operating 579,040 income Interest and taxes: Interest $116,000 expense Tax expense 190,000 306,000 Net income $ 273,040 The company paid dividends of $161.040 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. Average operating assets Margin Turnover ROI Residual income 3

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