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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 $ 135,000
Accounts receivable 336,000 471,000
Inventory 564,000 474,000
Plant and equipment, net 818,000 810,000
Investment in Buisson, S.A. 404,000 430,000
Land (undeveloped) 245,000 245,000
Total assets $ 2,499,000 $ 2,565,000
Liabilities and Stockholders' Equity
Accounts payable $ 383,000 $ 340,000
Long-term debt 957,000 957,000
Stockholders' equity 1,159,000 1,268,000
Total liabilities and stockholders' equity $ 2,499,000 $ 2,565,000

Joel de Paris, Inc. Income Statement
Sales $ 4,862,000
Operating expenses 4,181,320
Net operating income 680,680
Interest and taxes:
Interest expense $ 117,000
Tax expense 208,000 325,000
Net income $ 355,680

The company paid dividends of $246,680 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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