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Financial data for Joel de Paris, Inc., for last year follow: Joel de Paris, Inc. Balance Sheet Beginning Balance Ending Balance Assets Cash $ 139,000

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

Joel de Paris, Inc. Balance Sheet
Beginning Balance Ending Balance
Assets
Cash $ 139,000 $ 132,000
Accounts receivable 333,000 474,000
Inventory 562,000 481,000
Plant and equipment, net 846,000 833,000
Investment in Buisson, S.A. 397,000 435,000
Land (undeveloped) 254,000 249,000
Total assets $ 2,531,000 $ 2,604,000
Liabilities and Stockholders' Equity
Accounts payable $ 378,000 $ 331,000
Long-term debt 994,000 994,000
Stockholders' equity 1,159,000 1,279,000
Total liabilities and stockholders' equity $ 2,531,000 $ 2,604,000

Joel de Paris, Inc. Income Statement
Sales $ 3,990,000
Operating expenses 3,351,600
Net operating income 638,400
Interest and taxes:
Interest expense $ 120,000
Tax expense 208,000 328,000
Net income $ 310,400

The company paid dividends of $190,400 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. Average operating assets
2. Margin %
Turnover
ROI %
3. Residual income

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