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Financial data for Joel de Paris, Incorporated, for last year follow: Joel de Paris, Incorporated Balance Sheet Beginning Balance Ending Balance Assets Cash Accounts receivable Inventory Plant and equipment, net Investment in Buisson, S.A. Land (undeveloped) Total assets Liabilaties and Stockholders' Equity Accounts payable Long-term debt Stockholders' equity Total liabilities and stockholders' equity $ 133,000 339,000 578,000 870,000 398,000 253,000 $ 2,571, 000 $ 139,000 486, 000 475,000 860,000 426, 000 249,000 $ 2,635, 000 $ 383,000 1,009, 000 1, 179,000 $ 2,57,1, 000 $ 349,000 1,009, 000 1,277,000 $ 2,635,000 Joel de Paris,

Incorporated

Income Statement

Sales

Operating expenses

Net operating income

Interest and taxes:

Interest expense

Tax expense

Net income

$ 4,074,000

3,422,160

651,840

$

123,000

199,000

322,000

$

329,840

The company paid dividends of $231,840 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 company's margin, turnover, and return on investment (ROl) for last year. Note: Round "Margin", "Turnover" and "ROl" to 2 decimal places.
3. What was the company's residual income last year?

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