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		$	134,000
Accounts receivable		341,000			487,000
Inventory		564,000			489,000
Plant and equipment, net		846,000			810,000
Investment in Buisson, S.A.		407,000			429,000
Land (undeveloped)		250,000			255,000
Total assets	$	2,537,000		$	2,604,000
Liabilities and Stockholders' Equity
Accounts payable	$	374,000		$	344,000
Long-term debt		1,017,000			1,017,000
Stockholders' equity		1,146,000			1,243,000
Total liabilities and stockholders' equity	$	2,537,000		$	2,604,000

Joel de Paris, Inc. Income Statement
Sales					$	4,560,000
Operating expenses						3,830,400
Net operating income						729,600
Interest and taxes:
Interest expense	$	129,000
Tax expense		196,000				325,000
Net income					$	404,600

The company paid dividends of $307,600 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 1 Joel de Paris, Inc. Balance Sheet Beginning Balance Ending Balance 50 points Skipped Assets Cash Accounts receivable Inventory Plant and equipment, net Investment in Buisson, S.A. Land (undeveloped) Total assets Liabilities and Stockholders' Equity Accounts payable Long-term debt Stockholders' equity Total liabilities and stockholders' equity $ 129,cae $ 134,000 341,690 487,980 564, eae 489, eee 846,080 810, eee 487,698 429, Bee 250,000 255, eee $ 2,537,000 $ 2,684, eee eBook $ 374, eae 1,217,690 1, 146, eae $ 2,537,cae $ 344, see 1,017, see 1,243, eee $ 2,684,000 Print Keterences Joel de Paris, Inc. Income Statement Sales Operating expenses Net operating income Interest and taxes: Interest expense $ 129, een Tax expense 196, een Net income $ 4,560,800 3,830,480 729,6ee 325,888 4e4, 6e0 $ The company paid dividends of $307,600 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 LALLIC Accounts payable Long-term debt Stockholders' equity Total liabilities and stockholders' equity $ 374,080 1,817,680 1,146, eee $ 2,537,000 $ 344, eee 1,817,898 1,243, 890 $ 2,684,800 50 points Skipoed Joel de Paris, Inc. Income Statement Sales Operating expenses Net operating income Interest and taxes: Interest expense $ 129, eee Tax expense 196, see Net income $ 4,560, 800 3,838,400 729,600 eBook 325,00 484,600 $ Print The company paid dividends of $307,600 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%. References 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 2. Margin Turnover ROI 3. Residual income