Joel de Paris, Incorporated Balance Sheet

Beginning Balance Ending Balance

Assets

Cash $ $133,000$ $ $127,000$

Accounts receivable $342,000475,000$

Inventory $579,000482,000$

Plant and equipment, net $786,000796,000$

Investment in Buisson, S$.$A$.396,000428,000$

Land $($undeveloped$)250,000252,000$

Total assets $ $2,486,000$ $ $2,560,000$

Liabilities and Stockholders' Equity

Accounts payable $ $371,000$ $ $346,000$

Long$-$term debt $951,000951,000$

Stockholders' equity $1,164,0001,263,000$

Total liabilities and stockholders' equity $ $2,486,000$ $ $2,560,000$

Joel de Paris, Incorporated

Income Statement

Sales $ $3,906,000$

Operating expenses $3,398,220$

Net operating income $507,780$

Interest and taxes:

Interest expense $ $113,000$

Tax expense $207,000320,000$

Net income $ $187,780$

The company paid dividends of $$88,780$ 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:

Compute the company's average operating assets for last year.

Compute the companys margin, turnover, and return on investment $($ROI$)$ for last year.

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

What was the companys residual income last year?