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

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Accounting

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

Joel de Paris, Incorporated Balance Sheet
Beginning Balance Ending Balance
Assets
Cash $ 128,000 $ 126,000
Accounts receivable 346,000 480,000
Inventory 578,000 485,000
Plant and equipment, net 838,000 839,000
Investment in Buisson, S.A. 405,000 431,000
Land (undeveloped) 252,000 253,000
Total assets $ 2,547,000 $ 2,614,000
Liabilities and Stockholders' Equity
Accounts payable $ 380,000 $ 343,000
Long-term debt 961,000 961,000
Stockholders' equity 1,206,000 1,310,000
Total liabilities and stockholders' equity $ 2,547,000 $ 2,614,000

Joel de Paris, Incorporated Income Statement
Sales $ 4,393,000
Operating expenses 3,821,910
Net operating income 571,090
Interest and taxes:
Interest expense $ 130,000
Tax expense 196,000 326,000
Net income $ 245,090

The company paid dividends of $141,090 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?

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