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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 Accounts receivable

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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 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 $ 126,000 345,000 567,000 892,000 392,000 249,000 $ 2,571,000 $ 126,000 486,000 482,000 876,000 431,000 254,000 $ 2,655,000 $ 382,000 960,000 1,229,000 $ 2,571,000 $ 341,000 960,000 1,354,000 $ 2,655,000 Joel de Paris, Inc. Income Statement Sales Operating expenses Net operating income Interest and taxes Interest expense $ 124,000 Tax expense 200.000 Net Income $ 5,070,000 4,208,100 161,900 324,000 $ 537.900 The company paid dividends of $412,900 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? Average operating assets 1. 2 . Average operating assets Margin Turnover % RO1 % 3. Residual income

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