The company paid dividends of $356,600 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. (Do not round intermediate calculations and round your final answers 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 $ 128,000 343,000 561,000 868,000 410,000 246,000 $ 2,556,000 $ 138,000 481,000 483,000 838,000 429,000 246,000 $ 2,615,000 $ 390,000 1,019,000 1,147,000 $ 2,556,000 $ 346,000 1,019,000 1,250,000 $ 2,615,000 Joel de Paris, Inc. Income Statement Sales Operating expenses Net operating income Interest and taxes: Interest expense $ 119,000 Tax expense 199,000 Net income $ 5,184,000 4,406,400 777,600 318,000 459,600 $