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

Joel de Paris, Inc. Balance Sheet

Beginning Balance Ending Balance Assets

Cash 130,000 126,000

Account receivable 340,000 473,000

Inventory 573,000 484,000

Plant and equpment, net 827,000 827,000

Investment in Buisson, S.A. 399,000 431,000

Land (undeveloped) 248,000 254,000

Total assets $2,517,000 $2,595,000

Leabilities and stockholders' equity

Account payable $383,000 $341,000

Long-term debt 999,000 999,000

Stockholders' equity 1,135,000 1,255,000

Total liabilities and stockholders' equity $2,517,000 $2,595,000

Joel de Paris, Inc. Income Statement
Sales					$	4,536,000
Operating expenses						3,900,960
Net operating income						635,040
Interest and taxes:
Interest expense	$	129,000
Tax expense		192,000				321,000
Net income					$	314,040

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 ?