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Financial data for Joel de Paris, Inc., for last year follow: Joel de Paris, Inc. Balance Sheet Beginning Balance Ending Balance Assets Cash $ 136,000 $ 138,000 Accounts receivable 339,000 477,000 Inventory 570,000 470,000 Plant and equipment, net 795,000 795,000 Investment in Buisson, S.A. 402,000 428,000 Land (undeveloped) 246,000 246,000 Total assets $ 2,488,000 $ 2,554,000 Liabilities and Stockholders' Equity Accounts payable $ 381,000 $ 339,000 Long-term debt 960,000 960,000 Stockholders' equity 1,147,000 1,255,000 Total liabilities and stockholders' equity $ 2,488,000 $ 2,554,000 Joel de Paris, Inc. Income Statement Sales $ 4,464,000 Operating expenses 3,839,040 Net operating income 624,960 Interest and taxes: Interest expense $ 117,000 Tax expense 199,000 316,000 Net income $ 308,960 The company paid dividends of $200,960 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?

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