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Financial data for Joel de Paris, Incorporated, for last year follow: Joel de Paris, Incorporated Balance Sheet Beginning Balance Ending Balance Assets Cash $ 126,000

Financial data for Joel de Paris, Incorporated, for last year follow:

Joel de Paris, Incorporated Balance Sheet
Beginning Balance Ending Balance
Assets
Cash $ 126,000 $ 129,000
Accounts receivable 339,000 482,000
Inventory 571,000 489,000
Plant and equipment, net 844,000 820,000
Investment in Buisson, S.A. 408,000 433,000
Land (undeveloped) 253,000 253,000
Total assets $ 2,541,000 $ 2,606,000
Liabilities and Stockholders' Equity
Accounts payable $ 379,000 $ 344,000
Long-term debt 966,000 966,000
Stockholders' equity 1,196,000 1,296,000
Total liabilities and stockholders' equity $ 2,541,000 $ 2,606,000
Joel de Paris, Incorporated Income Statement
Sales $ 4,940,000
Operating expenses 4,149,600
Net operating income 790,400
Interest and taxes:
Interest expense $ 119,000
Tax expense 197,000 316,000
Net income $ 474,400

The company paid dividends of $374,400 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 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.

Note: Round "Margin", "Turnover" and "ROI" to 2 decimal places.

3. What was the companys residual income last year?

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