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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 $ 136,000

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

Joel de Paris, Inc. Balance Sheet
Beginning Balance Ending Balance
Assets
Cash $ 136,000 $ 136,000
Accounts receivable 345,000 489,000
Inventory 570,000 471,000
Plant and equipment, net 849,000 844,000
Investment in Buisson, S.A. 392,000 428,000
Land (undeveloped) 254,000 252,000
Total assets $ 2,546,000 $ 2,620,000
Liabilities and Stockholders' Equity
Accounts payable $ 383,000 $ 344,000
Long-term debt 995,000 995,000
Stockholders' equity 1,168,000 1,281,000
Total liabilities and stockholders' equity $ 2,546,000 $ 2,620,000

Joel de Paris, Inc. Income Statement
Sales $ 4,992,000
Operating expenses 4,343,040
Net operating income 648,960
Interest and taxes:
Interest expense $ 111,000
Tax expense 193,000 304,000
Net income $ 344,960

The company paid dividends of $231,960 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?

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