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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 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 Beginning Balance Ending Balance $140,000 $ 127,000 336,000 473,000 561,000 478,000 823,000 822,000 399,000 433,000 247,000 250,000 $ 2,506,000 $379,000 952,000 1,175,000 $ 2,583,000 $337,000 952,000 1,294,000 $ 2,506,000 $ 2,583,000 Sales Joel de Paris, Incorporated Income Statement Operating expenses Net operating income Interest and taxes:] Interest expense Tax expense Net income $ 5,076,000 4,365,360 710,640 $111,000 194,000 305,000 $ 405,640 The company paid dividends of $286,640 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%. Sales Joel de Paris, Incorporated Operating expenses Income Statement Net operating income Interest and taxes: Interest expense Tax expense Net incone $ 5,076,000 4,365,360 710,640 $111,000 194,000 305,000 $ 405,640 The company paid dividends of $286,640 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. (Do not round intermediate calculations and round your final answers to 2 decimal places.) 3. What was the company's residual income last year? 1. Average operating assets 2. Margin 2. Turnover 2. ROI 3 Residual income % %

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