The company paid dividends of $287,800 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?

Financial data for Joel de Paris, Inc., for last year follow: Joel de Paris, Inc. Balance Sheet Beginning Balance Ending Balance Assets Cash Accounts receivable Inventory Plant and equipment, net 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 138,000 337,000 567,000 888,000 390,000 255,000 $ 2,575,000 $ 140,000 484,000 483,000 863,000 426,000 246,000 $ 2,642,000 375,000 991,000 1,209,000 $ 2,575,000 $ 334,000 991,000 1,317,000 $ 2,642,000 Joel de Paris, Inc. Income Statement Sales Operating expenses Net operating income Interest and taxes: Interest expense $ 121,000 Tax expense 193,000 Net income $ 5,070,000 4,360,200 709,800 314,000 395,800