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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 $ 132,000

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

Joel de Paris, Inc. Balance Sheet
Beginning Balance Ending Balance
Assets
Cash $ 132,000 $ 137,000
Accounts receivable 338,000 480,000
Inventory 562,000 482,000
Plant and equipment, net 868,000 841,000
Investment in Buisson, S.A. 404,000 434,000
Land (undeveloped) 246,000 254,000
Total assets $ 2,550,000 $ 2,628,000
Liabilities and Stockholders' Equity
Accounts payable $ 382,000 $ 345,000
Long-term debt 1,019,000 1,019,000
Stockholders' equity 1,149,000 1,264,000
Total liabilities and stockholders' equity $ 2,550,000 $ 2,628,000

Joel de Paris, Inc. Income Statement
Sales $ 4,224,000
Operating expenses 3,548,160
Net operating income 675,840
Interest and taxes:
Interest expense $ 111,000
Tax expense 199,000 310,000
Net income $ 365,840

The company paid dividends of $250,840 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. (Do not round intermediate calculations and round your final answers 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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