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Financial data for Joel de Paris, Incorporated, for last year follow Joel de Paris, Incorporated Assets Cash Accounts receivable Inventory Plant and equipment, net Balance

Financial data for Joel de Paris, Incorporated, for last year follow Joel de Paris, Incorporated Assets Cash Accounts receivable Inventory Plant and equipment, net Balance Sheet Beginning Balance Ending Balance $128,000 $136,000 350,000 477,000 562,000 479,000 810,000 798,000 406,000 430,000 252,000 247,000 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 Sales Joel de Paris, Incorporated Income Statement Operating expenses Net operating income Interest and taxes: Interest expense Tax expense Net Income $ 2,508,000 $ 378,000 1,001,000 1,129,000 $ 2,567,000 $ 346,000 1,001,000 1,220,000 $ 2,508,000 $ 2,567,000 $ 5,236,000 4,398,240 837,760 $ 129,000 199,000 328,000 $ 509,760 The company paid dividends of $418,760 last year. The "Investment in Buisson, SA, 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? Answer is not complete. 1 Average operating assets 2,537,500x 2. Margin % 2. Turnover 2 ROI 3. Residual income %

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