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

Joel de Paris, Inc.

Balance SheetBeginning

BalanceEnding

BalanceAssetsCash$138,000$135,000Accounts receivable338,000478,000Inventory561,000477,000Plant and equipment, net883,000870,000Investment in Buisson, S.A.406,000427,000Land (undeveloped)250,000249,000Total assets$2,576,000$2,636,000Liabilities and Stockholders' EquityAccounts payable$387,000$336,000Long-term debt1,012,0001,012,000Stockholders' equity1,177,0001,288,000Total liabilities and stockholders' equity$2,576,000$2,636,000

Joel de Paris, Inc.

Income StatementSales$4,656,000Operating expenses3,864,480Net operating income791,520Interest and taxes:Interest expense$110,000Tax expense191,000301,000Net income$490,520

The company paid dividends of $379,520 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?

The company paid dividehds of $379,520 last year The \"Investment In Buissoh, 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\